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Centrica wants to sell its nuclear industry stake, but it’s hard to attract buyers

Centrica aims to sell UK nuclear stake by end of 2020 , Nasdaq, By Susanna Twidale, LONDON, June 14 (Reuters) – Centrica plans to sell its 20 percent stake in eight British power plants by the end of 2020, but has yet to start marketing the assets, the company’s CEO said on Thursday

France’s EDF owns the other 80 percent of the nuclear plants ……….

Analyst have said it could be difficult to attract buyers for the nuclear assets, with large financials shying away from nuclear investment and half of the plants expected to close in 2024.

Last week Britain said it would consider investing in a new plant to be built by Japanese company Hitachi in northern Wales, with private investors reluctant to take on the huge costs of new nuclear power infrastructure. https://www.nasdaq.com/article/centrica-aims-to-sell-uk-nuclear-stake-by-end-of-2020-20180614-00256

 

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June 15, 2018 - Posted by | business and costs, UK

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