EDF: Nuclear Goals Mean EUR40 Billion

Thursday, December 4, 2008

PARIS - (Dow Jones)- French nuclear utility Electricite de France SA Thursday announced higher costs for a reactor it's building in France and said its ambition to lead a worldwide wave of building new nuclear plants means total capital expenditure of between EUR40 billion and EUR50 billion by 2020.

The net financing requirements for EDF over the same period should be between EUR12 billion and EUR20 billion, EDF said, given the involvement of partners in projects in France, China, the U.S. and possibly the U.K.

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Germany's RWE says EC plan to auction EUAs will benefit rival EDF

Friday, November 28, 2008

The European Commission's plan to auction 100% of European Union Allowances (EUAs) from 2013 onwards came under fire Thursday from German utility RWE.

RWE's CEO Jurgen Grossmann believes the main beneficiary of the EC's climate change plans would be French utility EDF.

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Stop-start revival of the nuclear industry

Friday, November 28, 2008

Barely a few days before the collapse of Lehman Brothers, EDF finally clinched its multi-billion pound acquisition of British Energy. At about the same time, the French state-controlled electricity group also tried – and failed – to counter veteran investor Warren Buffett’s bid for control of a US electricity utility, Constellation Energy.

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Spark going out for British Energy

Thursday, November 27, 2008

THE owner of Torness Power Station has seen earnings plummet in the first half of the year as a result of lower electricity output.

British Energy said pre-tax earnings fell by 50 per cent to £257 million in the six months to September 28.

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French strike cuts 5,000 MW of power capacity-union

Tuesday, November 25, 2008

PARIS, Nov 25 (Reuters) - French energy strikers cut a total of 4,000 megawatts of nuclear capacity and 1,000 MW of thermal capacity since Monday night, an official at the CGT union told Reuters on Tuesday.

French strikers are holding a 24-hour strike to protest against salaries and pensions.

"The strike has cut a total of 5,000 MW, this is a very positive outcome for us," the union official said, adding that strikers had been warned by EDF not to cut more capacity to avoid endangering the supply/demand balance.

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French nuclear firms confident in credit crisis

Tuesday, November 25, 2008

PARIS, Nov 24 (Reuters) - French atomic energy firms may be over-confident when they say their plans to expand abroad will survive the credit crisis unscathed.

Some analysts say financing problems, if prolonged, are bound to delay schemes in a sector with such high capital costs.

France hopes to use its unrivalled atomic expertise to lead a global nuclear revival spurred by rising fossil fuel prices and concerns over climate change. Its firms may even benefit as a slowing economy lowers costs for current building in France.

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EDF to repair hydrogen pipes at Cruas nuclear plant

Wednesday, November 19, 2008

PARIS, Nov 18 (Reuters) - EDF said on Tuesday it would comply within the next three months with the French nuclear safety authority's order to improve the piping of explosive liquids at the southern nuclear plant of Cruas.

The nuclear safety authority ASN said in a note published on its website that it had detected rust on pipes transporting hydrogen, an explosive gas used to treat the water that cools the reactor, into premises housing key safety equipment.

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Coal regains crown as slump in nuclear output raises fears of power shortages

Sunday, November 16, 2008

ENERGY GAP: Power suppliers are turning back the clock to use coal-fired plants as their main source of electricity in a bid to avert potential shortages this winter.

POWER SUPPLIERS are turning back the clock to use coal-fired plants as their main source of electricity in a bid to avert potential shortages this winter.

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EDF Energy poll claims growing support for nuclear power

Thursday, November 13, 2008

A growing number of people are warming to nuclear power and more people now favour it rather than oppose it, according to a new YouGov survey for EDF Energy, the French nuclear power operator.

The survey, to be published tomorrow, shows that 53 per cent of the 4,449 people who took part in the online poll are now in favour of nuclear power stations to replace old ones. This compares with 46 per cent last year, and 41 per cent the previous year. At the same time 62 per cent agree that nuclear is needed as part of a balanced energy source for the UK compared with 59 per cent last year, and 54 per cent in 2006.

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British Energy Sizewell B2 nuclear plant off line

Wednesday, November 12, 2008

LONDON, Nov 10 (Reuters) - The B2 turbine at British Energy's Sizewell nuclear power plant was offline on Monday morning, a website operated by the National Grid showed.

The unit in southeast England has capacity of 594 MW.

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