Please wait...
GulfBase Live Support
- Kuwait Bourse closes higher
- Barwa Real Estate posts QR239.5m net profit for Q1
- QIC Group reports net profit of QR205m for Q1
- Gold prices fall
- China ramps up global yuan push, seizing on retreating dollar
- OPAZ, OQAE ink pact to drive energy efficiency in industrial zones
- Middle East Pizza Hut operator Americana Restaurants Q1-2025 revenues are healthy
- Dubai Airports off to a strong start in 2025, welcomes 23.4 million passengers in 3 months
- Saudi Arabia's shoppers are picking more gold jewellery - whatever the price
- Nakilat reports $118.9m Q1 net profit, up 3.2%
19/11/2014 06:32 AST
Saudi Electricity Co, the Gulf's largest utility, has approached France's EDF about taking a minority stake in the French firm's Hinkley Point C nuclear project in Britain, industry sources said.
EDF is still searching for additional investors to help fund the 16 billion pound ($25.06 billion) nuclear project after it received European Commission state aid clearance last month for the support of the British government to guarantee future returns.
EDF, which will own 45-50 percent of the project, has already brought China General Nuclear Corporation (CGN) and China National Nuclear Corporation (CNNC) on board who will share 30-40 percent of the project's equity.
French nuclear reactor maker Areva will also own a 10 percent stake, leaving up to 15 percent for another investor.
Saudi Electricity has expressed interest in the power station, industry sources close to the matter said.
"There's much more interest post state aid decision," one of the sources said.
Saudi Electricity and EDF declined to comment.
The British government is guaranteeing EDF a minimum electricity price of 92.50 pounds per megawatt-hour generated from the new plant for 35 years as part of a policy to encourage low-carbon energy production.
EDF is expected to make a final investment decision for Hinkley Point C around the end of the year.
Arab News
13/04/2025
Saudi Electricity Company (SEC) has announced that it has received bids from leading utility majors for the construction of two 380kV substations at Afif city in central Saudi Arabia in the Najd regi
Trade Arabia
09/04/2025
GE Vernova and Saudi Electricity Company (SEC) have announced the successful completion of the first gas turbine outage entirely planned and executed by GE Vernova's Saudi engineers and specialists.
Trade Arabia
02/03/2018
The Saudi Electricity Company (SEC) said that 68 per cent of its purchases, during the past four years, came from 52 local factories, with a growth rate of 720 per cent compared to 2001.
S
Trade Arabia
| Ticker | Price | Volume |
|---|
30/04/2025
Barwa Real Estate discloses its financial statements for the three month period ended March 31, 2025.
The results showed a net profit of QR239.5m attributable to the shareholders of the pare
The Peninsula
30/04/2025
Qatar Insurance Group, the leading insurer in Qatar and the MENA region, has announced a robust net profit of QR205m for the first quarter of 2025, up from QR194m in Q1 2024. The results were approve
The Peninsula
30/04/2025
Americana Restaurants has turned around its fortunes with revenues up 16.2% in Q1-2025, to total $573.4 million, and with net profit a healthy 16.5% higher to $32.6 million. This reverses a string of
Gulfnews
30/04/2025
Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR433 million ($118.92 million) for the first quarter of 2025, ended March 31, marking a 3.2% increase from QAR420 million recorded in
Trade Arabia
30/04/2025
Aldar Properties has reported a 33% year-on-year increase in profit before tax to AED2.2 billion ($599 million) for the first quarter of 2025, with net profit after tax rising by 22% year-on-year to
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia