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Article: E.ON, RWE set up UK nuclear joint venture
- Article from:
- AP Worldstream
- Article date:
- November 5, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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German energy companies E.ON AG and RWE AG said Thursday that they have set up a joint company to build nuclear power stations in Britain.
The new company, called Horizon Nuclear Power and headquartered near Gloucester, will start operations on Nov. 16. Duesseldorf-based E.ON and Essen-based RWE first announced the plan in January.
Horizon will focus on new power stations with a 60-year lifetime, a joint statement from the two companies said. It foresees potential investments of more than 15 billion pounds ($25 billion) in developing around 6,000 megawatts of nuclear capacity by 2025.
E.On and RWE said Horizon acquired two development sites earlier this year at Wylfa ...