U.K. officials have signaled a preference for Chinese partners in two consortia competing for RWE AG (RWE.XE) and E.ON AG’s (EOAN.XE) Horizon nuclear power project in the U.K. to be minority partners, the Financial Times reported on its website Sunday, citing several people familiar with the sale process.
One consortium, led by Toshiba Westinghouse, includes State Nuclear Power Technology Corp of China, while a second consortium includes China Guangdong Nuclear Power Corp., the FT reported.
The website quoted a person familiar with deliberations in the U.K.’s energy department as saying “it has always been understood that the Chinese could not have more than 50%, for reasons of public acceptance and political acceptance.”
U.K. officials say the government doesn’t have a “fixed view” on the composition of the consortia, the FT reported.
Originally published on Fox Business.
Original article published on Financial Times.