France demands EDF for tax transparency in foreign operations

09/02/2015 00:52 Electricity Market


The French government has required state-owned utility EDF to be clear about its foreign operations to guarantee that none were established to avoid taxes, as stated by the finance ministry on Sunday.

In a letter addressed to the new manager of EDF, Jean-Bernard Levy, Budget Minister Emmanuel Macron and Finance Minister Michel Sapin declared they had demanded the EDF board to provide such information at its next meeting. The letter came after a report presented by France 2 television denoting that EDF was operating in what it categorized as "tax havens". EDF refused to comment about the letter, but a representative stated the operations mentioned in the television report were involved in insurance for industrial activities. The French state possesses 84.5 percent of the utility.

Daily (03.08.2020): NBP spot climbed by 5% on Friday, due to higher gas-for-power demand

03/08/2020 11:10:00

Crude oil prices inched higher on Friday, stimulated by a weaker dollar and record high oil supply cuts by US in May. Consequently, Brent crude rose by 1.2% to $43.75 a barrel, while WTI futures increased by 0.6% to $41.27 a barrel.


EU bank provides €35m for EV charging stations in Spain

03/08/2020 09:40:00

The four-year project will see the roll out of 8,500 charging points for EVs and hybrid vehicles


Iberdrola obtains environmental permits for €180m solar pv projects

03/08/2020 09:35:00

Spanish multinational utility Iberdrola has obtained the Environmental Impact Statement (EIS) for four solar photovoltaic plants in the province of Cáceres.