Centrica invests in EDF's UK nuclear business

Centrica will take a 20% interest in EDF's British Energy business for £2.3 billion ($3.5 billion), offtaking 20% of the power generated by BE's eight nuclear stations. EDF will provide Centrica with an additional 18 Terawatt hours of power at market prices over five years from 2011 as part of the deal. EDF will still operate British Energy, with Centrica having board representation and some governance rights.

As part of the agreement, EDF will take control of Centrica's 51% stake in Belgian gene

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: