It could work

24 May 2007

Nuclear energy brings economic benefits, such as diversity of energy supply and low CO2 emissions. Contrary to popular perception, it makes financial sense too. No wonder European utilities are queuing up to invest in the sector.

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Britain this week set out plans to secure energy supplies and fight global warming in an energy review that called for new nuclear power plants, more renewable energy and greater efficiency.

New nuclear power stations should be built in southern England on existing reactor sites, the review said, but the power stations should not expect any government subsidies.

France's Edf, the world's largest nuclear power plant operator, said it wanted to play a leading role in UK nuclear power. EdF chairman and chief executive Pierre Gadonneix said the company aimed to build four or five plants in the UK, modelled on its planned 1,600 megawatt pressurised reactor.

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