EDF 'to lead French Abu Dhabi nuclear bid'
Paris, December 9, 2009
A French consortium bidding to build nuclear reactors in Abu Dhabi will be led by electricity group EDF after last minute adjustments to quell local doubts, Les Echos reported.
The team was initially set to be led by Areva, GDF Suez and Total but EDF was called upon to lead the group after doubts from local authorities, the paper said, without saying where it got the information.
Les Echos said EDF's board of directors met on Tuesday to work out a new plan.
The idea is to form a consortium in charge of work on the reactors, of which EDF and GDF Suez, whose board meets on Wednesday, would each hold 45 percent and Total 10 percent.
The consortium would not be expected to invest as part of this plan, being paid for their services instead.
The paper said EDF had never considered the contract strategic altogether the contracts could be worth over $40 billion but now found itself leading the bid. A spokeswoman for EDF declined to comment.
Other bidders include a consortium comprised of General Electric and Japan's Hitachi and another around Korea Electric Power Corp. - Reuters
More Energy, Oil & Gas Stories
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract
- Al Maha wins Oman Air fuel supply deal
- Iran to become top gas importer by 2025
- UAE hydrocarbon projects seen hitting $11bn
- Summit focus on occupational safety
- Aramco names new senior VP
- Siemens gets $253m Qatar power contract
- Taqa-led group's India deal worth $1.6bn
- Taqa-led group to buy India power plants