U.K. to Cut Barriers to Nuclear Power, Minister Says (Update1)

BusinessWeek (Jun 16 2010) Nuclear

1. June 16 (Bloomberg) -- Nuclear power can play a key role in the U.K.’s future energy mix, Minister Charles Hendry told executives from Electricite de France SA, Centrica Plc and other utilities. While the new coalition government won’t subsidize the industry, it will remove regulatory barriers and encourage nuclear power by establishing a minimum price for carbon, the energy minister said at the Nuclear Industry Forum in London. Britain, needing 200 billion pounds ($300 billion) to renew aging power plants in the next two decades, will have to tap international investors for the first time, according to the Department of Energy and Climate Change. (Read Full Article)

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