2009-11-10 11:12:04 -
GALWAY, IRELAND -- (Marketwire) -- 11/10/09 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- A new player in the British nuclear market has been formally launched by the United Kingdom subsidiaries of German energy giants RWE AG :
(OTC:RWEOY) (Essen, Germany) and E.ON AG :
(OTC:EONGY) (Dusseldorf, Germany). Horizon Nuclear Power (Gloucester, England), created by RWE npower and E.ON UK, is a 50:50 joint venture that aims to develop about 6,000 megawatts of new nuclear capacity in the U.K. by 2025. The company has a war chest of up to £15 billion ($25 billion) and believes it can create more than 11,000 jobs during the construction of the nuclear power plants.
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