AREVA drops out of race for Britain’s Horizon nuclear project after 3 months

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Britain’s nuclear arsenal is crumbling, its capable workforce dwindling, and had planned for large growth and development to replace the ageing plants.  German owners E.ON and RWE decided to sell the Horizon project, one of the UK’s biggest nuclear projects, after Germany’s decision to cease dependency on the nuclear industry.

Three months ago, AREVA announced it would bid to buy Britain’s nuclear new-build project Horizon in conjunction with China’s Guangdong Nuclear Power Holding, but this week the French company dropped out of the race according to sources.

An AREVA spokesperson said: “I can now tell you that AREVA and CGNPC have suspended their interest in the planned sale of Horizon Nuclear Power and did not submit a bid”

“AREVA couldn’t get a bid together. It’s just too much of a stretch for them,” said the source, who has direct knowledge of the bids.

Toshiba-owned Westinghouse Electric and Japan’s GE Hitachi are still considered in the running for the project, although Hitachi’s technology designs have not yet been licensed for operation in the UK.  A winner is expected to be announced in 3-5 weeks.

Source: Reuters

Source: BBC

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