Sunday 25 January 2009

Link-up for nuclear sites

SWEDEN’s Vattenfall may form a three-way consortium with Spain’s Iberdrola and Scottish and Southern Energy (SSE) to build nuclear reactors in the UK.
Iberdrola, owner of Scottish Power, and SSE have announced they will unite to bid for new sites. Vattenfall is understood to have held talks with the Scottish groups.
Iberdrola is thought to be open to the idea of Vattenfall sharing costs in the stations, which will cost up to £5 billion each.