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BNG to sell its Magnox electricity trading arm, ESTL |
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BNG is to sell its Magnox electricity trading arm, ESTL, ahead of its own planned sale by parent company British Nuclear Fuels plc next year, a British Nuclear Group spokesman told Platts August 3. Energy Sales and Trading Ltd.,
or ESTL, sold more than 500 million pounds (US$943 million) of electricity produced by the Nuclear Decommissioning Authority's four operating magnox stations -- Dungeness A, Oldbury, Sizewell A and Wylfa -- in fiscal year
2005/06 under a contract with the NDA. ESTL also buys the gas for a 160-MW cogeneration plant at Sellafield and sells that plant's power, and trades carbon emissions permits for various NDA sites under the European Union Emission Trading Scheme. The NDA said separately that, at the time ESTL is sold, it intends to enter into a new contract for electricity trading with ESTL's new owner covering the period until the last of the four magnox stations shuts down in 2010. NDA said tenders or requests to participate should be made by August 25. (Platts4/8/2006)
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