EDF not bidding for British Energy

PARIS, July 31 (Reuters) - French power giant EDF EDFPA early on Friday quashed speculation of a bid for British Energy BGY.L, saying conditions were not right for a large UK venture.

"After in-depth discussions, EDF considers that the conditions for a major development in Great Britain are not met to date," EDF said in a statement, adding it would hold a Paris news conference as planned on half-year results at 0700 GMT.