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EDF to sell 20-pct stake in British Energy: report
Paris (AFP) Sept 21, 2009 French utility EDF plans to sell another 20 percent stake in Britain's nuclear power operator British Energy as part of a five-billion-euro (7.35-billion-dollar) asset sale, a report said on Monday. The economic news daily La Tribune said the sale would also help meet EU conditions set in 2008 when Brussels cleared EDF's acquisition of British Energy. Such a sale would also mean that EDF would no longer need to sell part of its RTE transport operations, which could have proved problematic with unions and on the political front, La Tribune said in an unsourced report. When asked about the report, an EDF spokeswoman said the issue was not being actively discussed at this point. EDF acquired British Energy in September 2008 for 15 billion euros and subsequently sold a 20-percent stake in the company to British power group Centrica for 2.5 billion euros. EDF said after the Centrica deal that it planned further asset sales worth about five billion euros in order to reduce its debt burden of 24.5 billion euros. Share This Article With Planet Earth
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India, Mongolia sign uranium agreementNew Delhi (UPI) Sep 15, 2009 India signed a civil nuclear energy agreement with uranium-rich Mongolia on Monday. The memorandum of understanding for "peaceful use of radioactive minerals and nuclear energy" was signed during Mongolian President Elbegdorj Tsakhia's state visit to India. According to a statement issued by the Mongolian presidency, Indian officials expressed a "willingness to cooperate in ... read more |
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