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EDF to extend the life of four of its UK nuclear power stations by up to seven years

French energy firm EDF plans to prolong the lifespan of four from eight nuclear power plants in the UK.

read more... 16/02/2016


French energy law might shut down third of EDF

France's energy transition law could oblige state-controlled utility EDF to shut down around a third of its 58 nuclear reactors by 2025, the state audit office declared in its yearly report on Wednesday. The Cour des Comptes predicts that the projected reduction of the share of nuclear in French energy output to 50 percent by 2025 from over 75 percent now might lead to the closure of 17 to 20 reactors if electricity consumption and exports stay at present levels.

read more... 11/02/2016


Areva plans 5 billion euro capital raise

French nuclear conglomerate Areva announced it plans a 5 billion euro capital raise to reestablish its finances and declared it anticipates the intended takeover of its reactor unit by fellow state-owned utility EDF to be completed in 2017.

read more... 29/01/2016


EDF inks preliminary agreement to build six nuclear plants in India

French utility EDF declared on Tuesday it had inked a preliminary deal with Nuclear Power Corp of India Ltd (NPCIL) to construct six nuclear reactors at Jaitapur, in the west of India.

read more... 27/01/2016


EDF shares drop to all-time low since nuclear waste cost estimate increases

Shares in French utility EDF fell to all-time lows on Tuesday after the country's Andra nuclear waste agency declared that storage costs might be more elevated than EDF's predictions, though EDF questioned Andra's figures.

read more... 13/01/2016