Swedish energy supplier may buy nuclear stake from EDF - 15/10/2009
Consumers keen to compare energy prices in the UK may be encouraged that Swedish supplier Vattenfall may be considering buying a stake in nuclear redevelopment from EDF.
French-owned EDF acquired nuclear provider British Energy (BE) last year for £12.5 billion, but has been looking to sell stakes so it can clear its debts and proceed with building four new reactors in the UK, reports the Times.
Vattenfall is the fifth biggest electricity company in Europe and an unnamed source told the paper that it is an "obvious choice" to become involved with EDF, but although a spokesman confirmed the firm is monitoring the situation in Britain, he would not provide specific details.
The spokesman told the paper: "It's part of our business to maintain a close analysis of all the markets that we work in."
EDF has accumulated nearly £35 billion worth of debt, but is scheduled to have the first of four new nuclear reactors operational in the UK by 2017.
The company's takeover of BE proved controversial last year as it is largely owned by the French government.
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