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Teams submit revised bids for UAE nuclear deal

by Edward Attwood on Dec 14, 2009

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Two consortiums have submitted revised bids for the US$40 billon nuclear power plant contract.

The final bids for the US$40 billion UAE nuclear power plants contract were submitted last week, with revisions from the French and US teams thought to bring the cost of their bids down towards that of the South Korean consortium.

A government official, speaking on condition of anonymity to the National daily, confirmed that the French consortium, consisting of EDF, GDF Suez and Total, had submitted a new bid.

Another team, which is made up of GE and Hitachi has also submitted a revised bid.

The lowest bid was initially submitted by Korea Electric Power, Hyundai and Samsung.

It is thought that the contract will be awarded either at the end of this month or early next year.

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