Business and Financial Review • Apr 29, 2009
Business and Financial Review
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April 29th, 2009
The consortium made up of GDF SUEZ, Iberdrola and SSE confirms that it is committed to a programme to develop new nuclear power stations in the UK. Today, it has decided, in accordance with its technical, economic and financial criteria, not to make any further bids in the auction by the Nuclear Decommissioning Authority and EDF of three potential nuclear new build sites in the UK.
Meanwhile, the consortium is examining a number of opportunities for other potential sites. In particular, the consortium will be focusing on the sites nominated as part of the UK Government's Strategic Siting Assessment, which was published for public consultation last week. Some of these sites have to be sold by their current owners in the near future as a result of undertakings given to the UK Government.
The consortium firmly believes that the scope for nuclear development in the UK will involve several leading players, in line with the position set out by the UK Government. In this context, the unique combination of nuclear know-how and knowledge of the UK market should give the consortium the ability to take a leading role in new nuclear developments in the UK.
One of the leading energy providers in the world, GDF SUEZ is active across the entire energy value chain, in electricity and natural gas, upstream to downstream. It develops its businesses (energy, energy services and environment) around a responsible-growth model to take up the great challenges: responding to energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. GDF SUEZ relies on diversified supply sources as well as flexible and high-performance power generation in order to provide innovative energy solutions to individuals, cities and businesses. The Group employs 200,000 people worldwide and achieved revenues of €83.1 billion in 2008. GDF SUEZ is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone.
Iberdrola is a global, publicly listed company, with a 107-year history of contributing to the development of the energy sector, and providing quality and security of supply. Following a period of international expansion starting in 2001, Iberdrola is the fifth largest electricity group by market capitalization, with a presence in 40 countries and more than 27.6 million customers. Iberdrola is the leading energy group in Spain, one of the main operators in the United Kingdom and a world leader in wind energy.The company now has an installed capacity of more than 43,600 MW and a balanced, efficient and diversified generation mix.
Scottish and Southern Energy (SSE) is one of the UK's leading energy companies. It is involved in the generation, transmission, distribution and supply of electricity; energy trading; the development of major renewable energy projects; the storage, distribution and supply of gas; electrical and utility contracting; and telecoms.
GDF SUEZ Contacts: Press contact: Tel France: +33 (0)1 57 04 24 35 Tel Belgium: +32 2 510 76 70 E-Mail: [email protected]
Iberdrola Contacts: Press contact: Tel: + 34 91 381 54 44 E-Mail: [email protected]
Scottish and Southern Enerrgy Contacts: Press contact: Tel: +44 (0)845 0760 530 E-Mail: [email protected]
Investor Relations contact: Tel: +33 (0)1 57 04 66 29 E-Mail: [email protected]
Investor Relations contact: Tel: +34 91 784 28 04 E-Mail: [email protected]
Investor Relations contact: Tel: +44 (0)1738 456 491 E-Mail: [email protected]
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