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Areva And Westinghouse Remain Quiet On Horizon Rumours

By David Dalton
22 June 2012

22 Jun (NucNet): Westinghouse and Areva have both said they will not comment on press reports that they have each teamed up with a Chinese company to bid for the British nuclear power venture Horizon Nuclear Power.

Press reports in the UK today said Areva and Westinghouse, which make competing designs of reactor, are thought to have each secured the backing of a Chinese state company.

The reports said French firm Areva has submitted a bid for Horizon with China Guangdong Nuclear Power Holding Company.

They also said Westinghouse, owned by Japan’s Toshiba, has submitted a bid with China’s State Nuclear Power Technology Corporation, with which it has a partnership to build plants in China.

But Westinghouse today told NucNet it had no comment to make on the reports. Areva said the reports were “rumours” and that it had no comment.

The news agency Reuters, quoting “industry sources in China”, reported later today that the two Chinese companies would be teaming up with each other to bid for Horizon. Reuters said it was not immediately clear if the Chinese consortium would bid separately or join forces with either Areva or Westinghouse.

E.ON and RWE Npower said in March they would be seeking a new owner for Horizon Nuclear Power, a 50-50 joint venture established in 2009 that was working on plans to build nuclear plants at Wylfa on the island of Anglesey and at Oldbury-on-Severn in Gloucestershire.

In May, UK energy minister Charles Hendry said any potential buyer for Horizon is likely to be a consortium and could be based either inside or outside the European Union.

He told the energy and climate change committee that a buyer would probably emerge from the private sector, but that the government does not have any objections to the involvement of sovereign wealth funds.

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