GDF Suez and Iberdrola team up to bid for nuclear power sites in the UK

GDF Suez and Iberdrola are the latest European energy giants to join forces in the hope of securing a slice of the UK's multibillion-pound nuclear renaissance.

The joint venture between the two companies – which are French and Spanish, respectively – will be bidding for sites being sold off by the Nuclear Decommissioning Agency (NDA) in the coming months. GDF Suez is joining a partnership already in place between Iberdrola, which also owns Scottish Power, and Scottish and Southern Energy. The consortium may yetexpand further, the participants said yesterday.

Suppliers from across Europe are lining up to take part in the UK'snuclear new build programme,prompted by the need to replace a third of electricity generating capacity in the next 15 years as ageing reactors are taken out of commission, European environmental regulations bite and North Sea oil and gas reserves dwindle.

The NDA started the process to sell land adjacent to three existing power stations in January. The Iberdrola-GDF Suez group will be bidding against two other European teams.

One is EDF, the French utility giant that took over British Energy last year for £12.5bn. A 25 per cent stake of that group is now being taken by Centrica, the UK utility, and the venture is committed to building one nuclear power station by 2017 and another three plants by 2025.

The other is a joint venture set up by RWE and E.On, the two German utilities, last month with the stated intention of building at least four reactors in the UK, adding at least six gigawatts, or around 10 per cent of the UK's current installed capacity.

The deadline for expressions ofinterest in the first three NDA sites to go under the hammer – at Wylfa in Anglesey, Bradwell in Essex and Oldbury in Gloucestershire – was last month. The next stage in the bidding process is in March.

GDF Suez was created last year by a merger of France's former state gas company with Suez, a Belgian group.

Utilities are not the only companies jostling for a position in the new market. In December Rolls-Royce, Balfour Beatty and Areva, the French reactor maker, signed up to a partnershipexpected to create up to 15,000 long-term manufacturing and construction jobs in the revived industry.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Sales Assistant / Buyer

£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...

Recruitment Genius: Customer Service Advisor

£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

Day In a Page

The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'