delusionofgrandeur

There is news today that Électricité de France (EDF), Europe’s largest energy producer may be about to make a takeover bid for British Energy plc, the UK nuclear power provider.

Électricité de France produces 22% of Europe’s electricity mainly from French nuclear reactors, some of this energy is already exported to the UK.

The UK has aging nuclear power stations, some of which are scheduled to go offline soon and there is projected energy black-hole. The UK government dragged it’s feet for 10 years up until the last few months when they finally decided that nuclear power would be needed to keep the country running.

If British Energy plc were to be sold, the UK government would give up it’s stake so potential energy export revenue for the British from new reactors sited in the UK may be limited.

Possibly the only chance for avoiding the energy gap in the United Kingdom is the purchase and deployment of quick-assembly modern nuclear reactors from France.

This entry was posted on Friday, May 9th, 2008 at 2:27 pm and is filed under Economy, General, News, Politics.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.