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Nuclear Decommissioning Authority

Volume 485: debated on Tuesday 16 December 2008

To ask the Secretary of State for Energy and Climate Change what discussions his Department has had with (a) the Nuclear Decommissioning Authority (NDA) and (b) EDF on (i) the timing of the NDA's announcement of the sale of NDA land for new nuclear builds and (ii) the likely effect of this sale and its timing on the price of (A) the Government's stake in British Energy and (B) shares in British Energy. (243588)

The Department has had discussions both with the NDA, in line with our governance role, and EDF in connection with the sale of NDA and EDF land adjacent to existing NDA sites.

The Government have committed to accept EDF's cash offer of 774p per share for its stake in British Energy, which puts the value of the stake at £4.4 billion, assuming the offer completes. The Government cannot speculate on any impact the sale of the NDA's sites might have on British Energy's share price, which is subject to market conditions.