February 23, 2009 / 9:40 AM / 9 years ago

Enel to take stake in French EPR reactor-report

PARIS, Feb 23 (Reuters) - Italy’s dominant power utility, Enel SpA (ENEI.MI), will acquire a 12.5 percent stake in France’s second next-generation EPR nuclear reactor, business daily La Tribune reported on Monday.

The newspaper said the deal was linked to a nuclear cooperation agreement due to be signed by French President Nicolas Sarkozy and Italian Prime Minister Silvio Berlusconi at a bilateral summit in Rome on Tuesday.

Enel already owns a 12.5 percent stake in France’s first European Pressurized Reactor (EPR), which is being built at Flamanville in northwestern France and will be operated by French power giant EDF (EDF.PA).

“EDF and Enel will sign an extension of their current cooperation at the Flamanville EPR to the second EPR at Penly,” La Tribune said, citing a source close to the matter.

The cooperation agreement due to be signed between France and Italy would give French companies such as nuclear group Areva CEPFi.PA, energy firm GDF Suez GSZ.PA and EDF better access to the Italian market and provide for Italian involvement in the French nuclear energy sector, La Tribune said. (Reporting by Francois Murphy; Editing by Mike Nesbit)

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