Power Markets
French utility EDF and Centrica eye UK Government deal on Sizewell B Nuclear Plant Extension
A spokesperson for EDF said on Wednesday that the French company and UK-based Centrica were prepared to invest?about PS800 million ($1.07 billion) in order to extend the life of Britain's Sizewell B Nuclear Power Station to 2055, from 2035. Sizewell B, located on the North Sea Coast in Suffolk, supplies almost 1.2 gigawatts to the grid and is the only pressure-water reactor in Britain. A spokesperson for the French utility said that it was looking to?agree on a framework' with the UK Government. EDF said that the volatility in the energy markets has increased the need to secure a model...