Thursday, October 20, 2005

Energy and capital in the UK

Shortages in gas supplies to the UK prompt Digby Jones to call for increase supply and improve infrastructure for delivery, of course, rather than efficiency of use. Whatever, there's money to be made in the present climate, as the competitive bidding for (coal-fired) Drax by three consortia shows. The current chairmain and former chief executive stand to make around £30m from the sale of an asset paid for by the taxypayer (CEGB).

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