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EDF to Head French Nuclear Deal in Abu Dhabi
DUBAI — EDF is set to take the lead in a fresh bid by a French consortium to sell at least two nuclear reactors to Abu Dhabi, the new head of the French nuclear power giant said on Wednesday.
“What is envisaged today, although nothing is set yet, is a management structure for the project, in which EDF would head up the project in association with GDF Suez,” Henri Proglio told reporters on the sidelines of a conference. Power and gas group GDF Suez, oil major Total and Areva, the world’s biggest nuclear reactor maker, bid for the Abu Dhabi contract nearly two years ago, and were initially seen as the race’s frontrunners.
But the French consortium — which EDF joined earlier this year after a request by the UAE to French President Nicolas Sarkozy — have recently appeared to be losing ground to a rival bid by Korea Electric Power Corp. A consortium comprising GE and Japan’s Hitachi is also bidding. In an effort to compete with the cheaper South Korean offer, the French consortium reduced its price in November, two sources with direct knowledge of the situation have told Reuters, adding they were now waiting for Abu Dhabi’s decision.
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