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EDF ‘in big trouble’ says French nuclear expert
EDF ‘in big trouble’ says French nuclear expert
Financial problems facing EDF could force the French energy giant to pull out of the £14bn project to build the first of a new generation of nuclear power plants in Britain, a French expert has warned.
10:00PM BST 08 Apr
Mycle Schneider, a former energy adviser to the French government, questioned whether EDF could finance the investment.
“EDF is in big trouble. The whole of the nuclear power industry in France is in big trouble,” he told BBC Radio 4's Today programme.
...President Hollande is seen as a pivotal figure because he wants state controlled EDF to curb its nuclear power ambitions and invest heavily in improving safety at plants in France as well as giving a higher priority to renewable energy.
Negotiations on a deal between EDF and the (UK) Government over the construction of a massive plant at Hinkley Point in Somerset are deadlocked because the two sides have failed to agree on a price for electricity and a range of other guarantees...
Financial problems facing EDF could force the French energy giant to pull out of the £14bn project to build the first of a new generation of nuclear power plants in Britain, a French expert has warned.
10:00PM BST 08 Apr
Mycle Schneider, a former energy adviser to the French government, questioned whether EDF could finance the investment.
“EDF is in big trouble. The whole of the nuclear power industry in France is in big trouble,” he told BBC Radio 4's Today programme.
...President Hollande is seen as a pivotal figure because he wants state controlled EDF to curb its nuclear power ambitions and invest heavily in improving safety at plants in France as well as giving a higher priority to renewable energy.
Negotiations on a deal between EDF and the (UK) Government over the construction of a massive plant at Hinkley Point in Somerset are deadlocked because the two sides have failed to agree on a price for electricity and a range of other guarantees...
http://www.telegraph.co.uk/finance/newsbysector/energy/9978548/EDF-in-big-trouble-says-French-nuclear-expert.html
