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EDF teams up with Delta on Dutch nuclear reactor

AMSTERDAM, Nov 3 (Reuters) - France's state-controlled electricity group EDF EDF.PA is teaming up with Dutch public utility Delta to possibly build a second nuclear reactor at Borssele in the southwest of the Netherlands.

Delta said that with the signing of the Memorandum of Understanding, a new phase in a long-term process to establish a proper framework started that could ultimately lead to a joint development of a nuclear power plant in Borssele.

Delta and EDF will together explore the appropriate contractual structure to incorporate a Joint Development Company (JDC), which may be established at a later stage for the development of the project.

In the future, should EDF and Delta choose to further develop the project, they would probably decide to invite third parties to act as potential investors.

Dutch television showed a Brussels signing ceremony where EDF official Marc Boudier said the group would invest up to 2 billion euros in the reactor, or about half the estimated costs, while Delta chief executive Peter Boerma said the French would not get control.

The new Dutch government is in favor of a second nuclear generator, but the project still needs to get clearance and construction is unlikely to start for several years. (Reporting by Marcel Michelson, editing by Gerald E. McCormick)

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