Rolls Royce dilutes its stake in consortium for mini reactors, as Qatar makes small investment

The Gulf state of Qatar is set to invest just under £100 million in
Rolls-Royce’s plan to develop a new generation of mini nuclear reactors
that are cheaper and faster to build than traditional designs. Qatar will
join the Perrodo family, the billionaire French oil dynasty which made its
fortune from the private oil company Perenco, and Exelon Generation, the US
nuclear giant, as Roll-Royce’s partners in the project.

Rolls-Royce lastnight declined to comment. The deal will dilute Rolls-Royce’s 80 per cent
stake in the venture, according to The Daily Telegraph. A formal
announcement is expected this week.

Times 17th Nov 2021

https://www.thetimes.co.uk/article/qatari-cash-to-help-rolls-royce-develop-mini-nuclear-reactors-q5509lpvp

November 18, 2021 - Posted by Christina Macpherson | Uncategorized

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