Gazprom to bid for EDF Energy U.K. Power Plant

11/06/2012 00:52 Electricity Market

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The Russian giant Gazprom envisages bidding for a U.K. power plant put up for sale by EDF Energy, deal which will provide the gas major with a production base in UK to complement its growing trading business.

The power plant, at Sutton Bridge in Lincolnshire, with a capacity of 819 MW, is able to supply about 800, 000 homes. Even if Gazprom is the biggest gas supplier to Europe, it delivers none to Britain. UK receives about one quarter of its oil and gas needs from Norway and the supplies could become more important following a partnership deal concluded last week. The acquisition may be controversial as Gazprom has become a powerful political and business tool in the hands of Kremlin.

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