Vattenfall head mulls UK nuclear power plant

[FabianPattberg]

Hello members,

This is a not really on sustainable energy because this article is about nuclear energy and in this case Vattenfal but this is an interesting development in the UK that the government is seriously thinking about building nuclear powerplants.

Article:
Sweden's Vattenfall,the largest utility in the Nordic countries, is considering building a nuclear power plant in Britain as utilities line up to expand in the country, Vattenfall's Chief Executive said in an interview.

"We are actively interested," Lars Josefsson, chief executive of the Stockholm-based utility, told Reuters in a telephone interview on Wednesday.

More than 10 parties are interested in building new reactors in Britain, said British Energy, which operates eight nuclear power plants in Britain, without naming one.
The British government had outlined in a White Paper that new nuclear power stations would be necessary to reduce carbon dioxide emissions, which cause global warming, and to be less dependent on imported fossil fuels such as coal or gas.
Josefsson said it would be decisive for Vattenfall to build a nuclear power station in the country that the company finds a partner and that the investment will be profitable.
"We are talking to a lot of interested parties," he said without being more specific. "It boils down to the issue of value creation for Vattenfall."
panish power firm Iberdrola is also interested in new plants and is in talks with British Energy over a possible partnership, industry sources said on Wednesday. British Energy has -- because of its nuclear power plants -- sites, infrastructure and workforce for new plants and makes it a likely partner for any new projects, the chief executive of E.ON , Europe's largest utility by sales, said in May.
E.ON, RWE and EDF , the continent's largest power providers, as well as Suez have also said they would be interested in expanding nuclear power production in Britain.
Nuclear reactors are the most expensive power plants, but become the cheapest large-scale generators once those costs have been written down.
Their competitiveness is being boosted as they hardly emit carbon dioxide, while power plants using fossil fuels have to buy certificates allowing them to emit the greenhouse gas.
Britain's Centrica Plc and Scottish and Southern Energy Plc have also been reported to be interested in partnering British Energy.
New reactors could be built by 2017, but workforce constraints would likely limit the first wave of construction to two units, British Energy says.
Source: http://investing.reuters.co.uk/news/...R-UPDATE-1.XML


What do you think about this development?

Fabian

[Shane.ericson]

For every energy processing its important to get the Energy Performance Certificate...Its becoming an important part now..