Germany's two largest power companies joined forces yesterday and announced an ambitious plan to build at least four nuclear reactors in the UK at an estimated cost of £20 billion. . . . .
The plants, the first of which is set to enter service within ten years, will provide at least six gigawatts of new generating capacity, the equivalent of 10 per cent of the generating capacity of all Britain's existing power plants - The Times
The owner of London City airport is to join the list of bidders for Gatwick when submissions are made on Monday. Global Infrastructure Partners (GIP), a $5.6 billion (£3.8 billion) fund partowned by Credit Suisse and General Electric, is understood to have formed a consortium that will bid £2 billion for Gatwick - The Times
A new electrified high speed rail line linking London, Birmingham and Heathrow will form the centrepiece of a major government transport initiative today that will include a third runway at Britain’s largest airport. Gordon Brown will defy environmental critics and the Conservative party when the government formally unveils the package that will herald what ministers are dubbing a "green Heathrow" – The Guardian
Areva, the nuclear plant designer expected to be at the forefront of a British atomic power revival, has become embroiled in a war of words with a Finnish utility over growing delays at the site of Europe’s first new nuclear facility for 30 years. The row will worry ministers in London who are trying to persuade sceptics that nuclear can deliver on budget to meet the looming energy "crunch" after 2015. It comes as two of the biggest gas and electricity providers in Britain, E.ON and RWE, unveiled joint plans to build up to three nuclear plants in the UK for about £10bn – The Guardian
An ambitious campaign to broaden the appeal of an engineering career to women, ethnic groups and young people from disadvantaged backgrounds and persuade disillusioned City ‘engineers’ to switch back to the profession is being launched to day to boost efforts to reduce chronic shortages. The Royal Academy of Engineering (RAE) is spearheading the drive to bring new impetus to long-running efforts to "sell" engineering as a career through what is describes as a "diversity campaign" – The Daily Telegraph
Amec yesterday defied industry doubters by pointing to an improved order book of contracts from oil, gas and mining customers. The engineering and oil services company also predicted that full-year profits for 2008 would be at the top of analysts’ expectations – The Financial Times
Balfour Beatty will become the first building contractor in the FTSE 100 since Tarmac left in 1992. It will replace HBOS in the January 19 shake-up. The company, which is building the Aquatic Centre for London’s 2012 Olympics, has a market capitalisation of about 1.6bn. It has operations in the UK, US, Dubai and Asia – The Financial Times