RPT-Iberdrola still on for slice of UK nuclear cake-Galan

Mon May 25, 2009 7:56pm BST
 
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* Iberdrola has been offered UK reactor site by NDA

* Expects news on NDA site offer in next few days

* Iberdrola's UK nuclear JV could have new member

(Repeats to broaden distribution)

MADRID, May 25 (Reuters) - Spanish power utility Iberdrola (IBE.MC) will feature in the United Kingdom's plans to develop its nuclear power and expects news on a possible reactor site shortly, Chairman Ignacio Sanchez Galan said on Monday.

Iberdrola expects another European company to join its nuclear consortium with France's GDF Suez (GSZ.PA) and Scottish & Southern Energy (SSE.L), which has received a reactor site offer from the UK's Nuclear Decommissioning Authority, or NDA.

"They (the NDA) have proposed us a site and we hope to have further news about this in the next few days," Galan told reporters at Spain's senate.

"We will probably be joined by another European company and become in some form or other the third nuclear power group operating in the United Kingdom," he said.  Continued...

 

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