Friday, 30 July 2010

EDF sells its UK electricity networks to Hong Kong

According to this article in the FT, EDF is selling it's UK electricity distribution networks to Cheung Kong Infrastructure, which is based in Hong Kong. Apparently the company is trying to reduce its debts.

So now some of the electricity infrastructure in the UK is not even owned within Europe, it's owned by the Far East. I expect to see more of this kind of thing. The West is generally on the way down, while China and India are on the way up.


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