The RWE Npower and E.On UK joint venture (JV) partnership will be called Horizon Nuclear Power, as the two German utility giants step up a gear in their bid to contribute to the new nuclear build programme in Britain.
Originally Bow Bidco Wylfa Limited was the JV company established to enter the initial process of bidding for the land adjacent to the current Wylfa Nuclear Power Station on Anglesey.
Having successfully secured the required plot for building a new reactor, the RWE NPower and E.On JV is now setting up this new company.
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While the JV will be aiming to build 6GWe of new nuclear capacity in Britain, a major boost to our energy security and significant contribution to a lower carbon footprint, RWE Npower will focus on Wylfa while E.On UK has been the driving force behind the bid for the Oldbury site in Gloucestershire.
The new arrangements will see the JV investing around £15 billion ($25 bn) in a new nuclear build programme which could see around 10,000 construction jobs and over 800 permanent jobs at both Wylfa and Oldbury.
It is expected that the new corporate headquarters of the JV will be near Gloucester.
At this stage no final decision has been made as to which reactor design the venture will commission for the two potential sites of Wylfa and Oldbury, which are currently subject to the UK Government Strategic Site Assessment (SSA) process.
There is a competitive tender process being undertaken to evaluate the technical and commercial considerations with both the potential reactors, designed by Toshiba Westinghouse and Areva.
According to Alan Raymant, COO of Horizon Nuclear Power, technical teams from both E.On and RWE are already working on the evaluation process so that a final decision can be made on the preferred reactor supplier early in 2010.
It is worth noting, however, that RWE Npower has already completed an agreement for using three 1200 MWe connections at Wylfa on Anglesey, given that the Toshiba Westinghouse AP 1000 reactor conforms to this specification.
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