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Russian, Chinese Firms Mull UK Power Plant Purchases - Report

Date : 06/10/2012 @ 9:00AM
Source : Dow Jones News
Stock : General Electric (GE)
Quote : 26.56  0.44 (1.68%) @ 8:00PM
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Russian, Chinese Firms Mull UK Power Plant Purchases - Report

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LONDON--Russian gas monopoly Gazprom OAO (GAZP.RS) and China Guodian Corp., one of China's largest state-owned utilities, are interested in purchasing U.K. power stations, The Sunday Times reports without citing sources.

Gazprom plans to launch a bid for EDF Energy's Sutton Bridge power plant in Lincolnshire, England, the newspaper reports. It added that EDF Energy, a unit of Electricite de France SA (EDF.FR), has hired Rothschild to run the auction.

China Guodian Corp. has hired Goldman Sachs Group Inc. (GS) to bid for General Electric Co.'s (GE) Baglan Bay power plant in South Wales.

Gazprom, General Electric and EDF weren't immediately available for comment.

Newspaper web site: www.timesonline.co.uk

Write to Alex MacDonald at alex.macdonald@dowjones.com



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