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Failure of EDF reform would hit its share of the French power market
Energy group EDF's share of the French power market is at risk of plummeting if a restructuring plan to improve its financing situation does not go ahead, its chief executive said in a letter to unions.
read more... 05/05/2021
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Austria's OMV completes Nord Stream 2 loan
Austrian integrated oil and gas firm OMV is the latest financing partner on Russian state-controlled Gazprom's 55bn m³/yr Nord Stream 2 pipeline to confirm that disbursements to the project have ended.
read more... 09/04/2021
Novatek plans to put up 60% in Arctic LNG 2 as collateral for financing
Russian largest liquefied natural gas producer Novatek said on Monday it plans to put up its 60% stake in Arctic LNG 2 project as collateral for long-term financing of the project.
read more... 06/04/2021
NEA, IFNEC and Poland launch nuclear financing initiative
The OECD Nuclear Energy Agency (NEA) has launched an initiative together with Poland's Ministry of Climate and Environment and the International Framework for Nuclear Energy Cooperation (IFNEC) to collaborate on issues of common interest related to innovative nuclear financing. The initiative began with a technical workshop on 14-15 January, which brought together experts from the public, private and academic sectors to discuss a number of fundamental issues pertaining to the financing of nuclear new build.
read more... 28/01/2021
New nuclear needed for UK energy security
The UK government must continue to support nuclear power generation if the country is to meet an expected doubling of electricity demand by 2050 while meeting its Net Zero ambitions, according to a new report from the Centre for Policy Studies (CPS). The think tank recommends the government explore innovative financing methods for the construction of new nuclear power plants.
read more... 22/01/2021