Chinese state-owned energy firm CGN has emerged as a potential buyer for eight UK nuclear power stations. |
The China General Nuclear Power Group (CGN), the country’s state-run energy corporation, could acquire a multibillion-pound majority stake in eight UK nuclear plants.
Earlier this year, Centrica, a subsidiary of British Gas, put its 20% stake in the power stations up for sale. EDF Energy holds the majority share, but according to the Sunday Times, CGN is readying a bid to acquire a 49% stake, indicating that EDF Energy could be looking to offload some its shares. |
China’s interest in UK nuclear plants |
If successful, the deal could give China greater access to critical infrastructure projects in the UK.
CGN is also working with EDF Energy to develop a new nuclear power station at Bradwell-on-Sea in Essex.
Hong Kong-based Daiwa Securities Group analyst Anna Lu said: “Investing in UK nuclear plants and starting to build a track record may help CGN to gain more potential new projects in UK, and later in other European countries, which will be beneficial for China to export China’s own nuclear technology.” |
5th World Nuclear New Build Congress (UK) 2018 welcomes Robert Davies, Chief Operating Officer from China General Nuclear Power Group (CGN) confirmed to attend as Speaker.
If you wanna to know more about CGN’s project in Europe, Don’t miss the chance！
| Part of confirmed Speakers from |
| Alan Smith, Peer Review Programme Director, World Association of Nuclear Operators/Gavin Dobbing, Department for Business, Energy and Industrial Strategy, UK/Robert Davies,CGN UK (GNI)/Colin Walters,UK Atomic Energy Authority/Erastus Gatebe, Chairman, Kenya Radiation Protection Board/Kürşad Tosun,Akkuyu Nuclear JSC/Lorien Howarth, Senior Strategic Advisor (Global Insight), National Nuclear Laboratory Limited/Pakistan Atomic Energy Commission/Dawn Broad,National Skills Academy for Nuclear (NSAN)/Paul McCaffrey, Deputy Director Sector Operations and Head of Civil Nuclear, Department for International Trade, UK/Alan McGoff, Lead Nuclear New Build, Environment Agency, UK/Marcelo Salvatore, Director for Nuclear Technology Assessment, Ministry of Energy and Mining, Argentina/Bob Brown,Sedgemoor District Council… |
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Vivien Miao | AtomToday – Global Nuclear Industry Conference (India, Turkey-MEA, UK, CEE) | SZ&W Group
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5th World Nuclear New Build Congress (UK) 2018 , Sept 18-19, London, UK
3rd World Nuclear Decommissioning & Waste Management Congress (Europe) 2018 |
