Economic Calendar

Monday, October 13, 2008

EDF to Consider Sale of Eggborough Power Plant, Times Reports

Share this history on :

By Lenka Ponikelska

Oct. 13 (Bloomberg) -- Electricite de France SA is to consider the sale of a coal-fired power station in Eggborough, England, the London-based Times reported, without saying where it got the information.

EDF may be confident that European Union regulators will approve its proposed 12.4 billion-pound ($21.2-billion) takeover of British Energy Group Plc, the newspaper said. Yet it is drawing up a list of possible remedies, including the potential sale of Eggborough, that may smooth the way for the deal, the Times said.

The power station in North Yorkshire was commissioned in 1966 and is one of the U.K.'s biggest generators, producing 1,960 megawatts of electricity, the Times said.

To contact the reporter on this story: Lenka Ponikelska in London lponikelska1@bloomberg.net


No comments: