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EDF hopeful of extending duration of its reactors
Monday, December 8, 2008EDF is hoping to secure a multi-billion euro windfall by extending the lifecycle of its nuclear power stations. This could prove crucial to maintaining its top grade credit rating as it invests billlions in acquisitions and plant renewal.
The energy group this week set out in detail the costs and expected gains from the planned investment in its 58 nuclear power stations that could enable it to run reactors for up to 60 years, against the current lifecycle of 40 years.
EU faces energy market woes if investment is delayed: Capgemini
Wednesday, November 26, 2008European energy markets are likely to have a difficult wake-up once the recession is over if essential infrastructure investments are delayed, consultancy firm Capgemini said Monday.
"The credit crunch should short-circuit the investment cycle, leading to a lack of generation capacities and infrastructures," it said in its tenth European Energy Markets Observatory report.
French nuclear firms confident in credit crisis
Tuesday, November 25, 2008PARIS, 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.
Kozloduy nuclear power plant pays back loan
Sunday, November 16, 2008Bulgaria's sole nuclear power plant at Kozloduy on the Danube River said on November 14 that it paid back early a $52.5 million loan to Russia's state-owned Roseximbank, which it took to upgrade its two working 1000MW reactors.
The reason for the early repayment of the loan, due in 2021, was avoiding currency risks, the plant said, as quoted by website mediapool.bg. The loan was denominated in US dollars, while its revenue was in leva and euro, the plant operator said.
Nuclear project under way
Wednesday, November 12, 2008Projected cost of Mochovce's completion has ballooned
10 Nov 2008 Beata Balogová Business - JUST weeks after the government approved its strategy on energy security, which is intended to guide policy for the next 20 years or so and which defined nuclear energy as one of its key pillars, Slovakia’s dominant power generator started the construction phase of two further blocks at the Mochovce nuclear plant.
Belene nuke builder served new contract
Wednesday, November 12, 2008Sofia. Russian company Atomstroyexport, which was picked to build Bulgaria’s nuclear power plant in the Danube town of Belene, said it has signed an annex with national power utility NEK to supply the corpus, steam generator and the turbine for the plant’s first block, as the online English edition of Dnenvik Daily reported.
The Bulgarian party was tight-lipped on the matter.
Belene equipment ordered with Bulgaria own funds
Sunday, November 9, 2008Sofia. German company RWE will from now on decide whether to grant the investment promised.
The signing of the shareholding contract for Belene nuclear power plant through which German company RWE will gain 49% of the future plant's stakes, was postponed. Instead of end-October 2008 when the last deadline expired, the paper will most likely be endorsed in December 2008, the project's main investor National Electricity Company (NEC) said, The Banker Weekly reported.
EDF banks struggle to share loan risk -paper
Tuesday, November 4, 2008PARIS, Nov 4 (Reuters) - The seven banks guaranteeing a loan to help French power company EDF finance the takeover of British Energy are struggling to find additional banks to share the risk, Les Echos reported on Tuesday.
EDF last month launched an 11 billion pound ($17.9 billion) loan backing the 12.5 billion pound acquisition with BNP Paribas, Societe Generale, Calyon, HSBC 005.HK, Royal Bank of Scotland, Barclays Capital and Bank of Tokyo Mitsubishi. The loan was conservatively structured with short-term maturities and generous pricing after EDF's bid was recommended by British Energy's board in September.
Macedonia to Decide on Bulgarian Nuke
Friday, October 24, 200824 October 2008 Skopje _ In the following three months Skopje will decide whether to take part in the construction of the Bulgarian nuclear power plant at Belene that could solve Macedonia´s power shortages in the future.
Macedonia´s deputy prime minister Zoran Stavreski who recently visited Belene said this Friday in his column in the local daily Dnevnik that Macedonia "would participate by financing the project with a certain amount of money. In return, the country would receive part of the electricity produced".
