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Electricity Privatisation

Volume 184: debated on Thursday 24 January 1991

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To ask the Secretary of State for Energy what consideration he has given to the postponement of the flotation of National Power and PowerGen until after the cessation of hostilities in the middle east.

Preparations for the flotation of National Power and PowerGen are proceeding to timetable. Subject to market conditions, I intend to float both companies next month.