GDF Suez Press Release 4th February 2009

GDF SUEZ and Iberdrola entered a partnership to jointly participate in the development of new nuclear power stations in the UK. 

Through the creation of a dedicated joint venture, GDF SUEZ and Iberdrola, together with SSE, intend to participate in the sale of nuclear sites owned by The Nuclear Decommissioning Authority (NDA) and EDF Development Company Limited.  The consortium may consider additional partners.

This cooperation takes place within the framework of the UK nuclear new build programme which objective is both to increase development of new nuclear plants and competition in the country.

This 50/50 industrial partnership is established between two European companies with a high level of expertise, know how and performance track record within the nuclear field.

GDF SUEZ which has 40 years of experience in the nuclear industry has long expressed a desire to play an active role in the nuclear revival around the world. This partnership is in line with this approach.

Iberdrola is a long time leading nuclear operator with experience in operating different technologies and is participating at present in some of the most relevant nuclear developments, either with direct ownership or providing engineering services.