UK nuclear plans left in shambles
Chinese and French investors have dealt a blow to the British nuclear projects pulling out of a bid for buying a company that will be constructing two nuclear power reactors in Britain.
French nuclear engineering group Areva said it is no longer interested in buying into Horizon Nuclear Power that was supposed to build Wylfa reactor in Wales and Oldbury reactor in Gloucestershire.
Areva added that its Chinese partner the China Guangdong Nuclear Power Group (CGNPC) has also withdrawn its bid for the contract.
“Areva and CGNPC have suspended their interest in the planned sale of Horizon Nuclear Power and did not submit a bid,” an Areva spokeswoman said.
The news is a blow to the British government as Areva has the latest technology in line with European Pressurized Reactor (EPR) regulations needed for the project.
The withdrawals come amid other reports that another Chinese company China National Nuclear Power Corporation, which is the main backer of a US engineering group also bidding for the contract, is no more interested in the project.
The situation leaves London with a single bidder that is a consortium led by the Japanese Hitachi.
Horizon Nuclear Power was formerly run by German utilities E. ON and RWE that suddenly announced they want to drop out of their contracts on a short deadline last week.
- United Kingdom: British nuclear plans suffer blow as Chinese investors pull out (guardian.co.uk)
- New UK nuclear power station plans suffer setback (guardian.co.uk)
- AREVA drops out of race for Britain’s Horizon nuclear project after 3 months (enformable.com)
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