ScottishPower owner 'in nuclear power talks'
Published Date:
26 September 2007
IBERDROLA, owner of ScottishPower, is understood to be in talks with Livingston-based British Energy (BE) over a possible partnership to build new nuclear plants in Britain.
But, according to Reuters, sources said it was the Spanish company – which owns, or has a stake in, most of Spain’s nine nuclear power stations – and not its Scottish subsidiary that are in negotiations with BE.
Britain is close to deciding whether to back a new generation of nuclear plants, which would boost the global industry as it recovers from the 1986 explosion at Chernobyl.
BE has said it is in second round talks with more than ten different parties about building new reactors if given the go-ahead by government, but it has named none of them.
“It’s Iberdrola, not its UK division Scottish Power, that’s in talks with British Energy,” said one source. “It’s really very early discussions.”
The UK government is close to deciding on the plants, which would help it meet EU-wide goals of cutting CO2 emissions 20 per cent below 1990 levels by 2020.
The full article contains 187 words and appears in Edinburgh Evening News newspaper.
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Last Updated:
26 September 2007 1:41 PM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
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Related Topics:
British Energy
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ScottishPower
