Suez looks to UK, Romania, Bulgaria for nuclear projects


French energy and utilities company Suez, which plans to merge with Gaz de France (GdF) in the H1 of 2008, is interested in building and operating nuclear power plants in the European Union, the company reaffirmed.

Suez CEO Gerard Mestrallet, who is set to lead the future GdF-Suez combine, confirmed Monday at a joint conference with Gaz de France CEO Jean-Francois Cirelli, that the company is examining opportunities in Bulgaria, Romania and the UK, a company spokeswoman confirmed Tuesday. Mestrallet did not exclude the possibility of building a European pressurized reactor (EPR) in France, the spokeswoman added.

The EPR was principally developed by Siemens of Germany and French state-owned nuclear services and engineering company Areva. Suez is able to build and operate nuclear power stations and is interested in expanding in both areas, the spokeswoman said. The company has said it is “actively participating in the nuclear energy revival in Europe.” Like Electricity de France (EdF), which is positioning itself as a contender to build reactors in the UK, Suez said it has close links with Areva. While the French state owns most of EdF, it also will hold a controlling minority stake in the future GdF-Suez. (marketwatch)


POPIHN Raises Forecast for Fuel Consumption Energy Trade

POPIHN Raises Forecast for Fuel Consumption

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

Nolato Partners With Happy at Work HR

Nolato Partners With Happy at Work

SĂźmeg Castle Reopens History

SĂźmeg Castle Reopens


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.