Tuesday 10 July 2012

France’s Areva and Chinese firm in Horizon nuclear bid

The chief of French nuclear power group AREVA has given a clear signal it is teaming up with China’s Guangdong Nuclear Power to bid for the Horizon nuclear power project.

Luc Oursel, AREVA’s chief executive said over the weekend it will probably team up with Chinese utilities and other industrial actors to make an offer.

German utilities RWE npower and E.ON are selling the 6,600MW Horizon project which plans two power plants, at Wylfa in Anglesey and Oldbury in Gloucestershire.

Rival nuclear developer Westinghouse is also said to be in the running, similarly putting in a bid with another Chinese firm.