China is poised to make a dramatic intervention in Britain's energy future by offering to invest billions of pounds in building a series of new nuclear power stations.
Officials from China's nuclear industry have been in high-level talks with ministers and officials at the Department of Energy and Climate Change (DECC) this week about a plan that could eventually involve up to five different reactors being built at a total cost of £35bn.
ENERGY GAP: Power suppliers are turning back the clock to use coal-fired plants as their main source of electricity in a bid to avert potential shortages this winter.
POWER SUPPLIERS are turning back the clock to use coal-fired plants as their main source of electricity in a bid to avert potential shortages this winter.
REPAIRS at British Energy's coal-fired Eggborough power station will be delayed until next year after the company said maintenance of its ageing nuclear power reactors is taking longer than expected.
The nuclear power group, which recently agreed to a £12.5bn marriage with French giant EDF, said maintenance of a unit at Eggborough in North Yorkshire will now happen in the first quarter of next year rather than November.
BRITISH Energy yesterday admitted that work had fallen behind schedule at its Hartlepool and Heysham 1 nuclear power plants and that they would be unlikely to return to service until early next year.
Maintenance work is also set to cost "marginally more" than estimated, the East Kilbride-headquartered company added.
British Energy, which last month agreed a £12.5billion takeover by France's state-owned power group EDF, owns and runs the UK's eight nuclear power stations, including Torness in East Lothian.
MORE than half of Britain's nuclear power stations are either closed or working at reduced capacity, it emerged yesterday, prompting fears of power shortages next month.
Six of the UK's ten nuclear stations are not operating at full capacity. Three are completely closed, one is operating at half capacity and two have been reduced to 70 per cent because of safety fears.
Nuclear power firm British Energy looks poised to fall into foreign hands after it was reported French power giant EDF has agreed a £12.4 billion takeover of the firm.
The deal is worth 774p a share, the Wall Street Journal said, 9p higher than a rebuffed offer made in July.
British Energy planned to take its Torness reactor in Scotland offline over the weekend and was not forced to do so, chief executive Bill Coley told an investor day presentation at Heysham, Lancashire Tuesday.
British Gas owners Centrica may join a £10billion consortium vying to control the UK's nuclear power plants.
Centrica hopes to lead a continental group bidding for British Energy, which runs all of the UK's nuke sites.
British Energy remains in talks with 10 potential partners for the construction of nuclear reactors and hopes to sign at least one deal in the next few months.
The nuclear energy group reported third-quarter results on Wednesday, which were hit by the unplanned closure of its Hartelpool and Heysham reactors.
Feb. 13 (Bloomberg) -- British Energy Group Plc, the U.K.'s biggest power producer, said fiscal third-quarter profit fell 18 percent, weighed down by the cost of unscheduled reactor shutdowns and lower electricity prices.
