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French utility EDF said on 14 February that it would deliver positive cash flow next year before it has to invest in upgrading its ageing French nuclear plants and building new reactors in the UK. Announcing its financial results for 2016, EDF,  which is 85% state-owned, said group sales were €71.203bn ($75.630bn), down 5.1%. Operating profit was up 75.6% at €7.514bn, while earnings before interest, tax, depreciation and amortisation were 6.7% lower, at €16.414bn, following the temporary closure of about a third of its French reactors last year for safety checks. The group's share of net income grew 140.2% to €2.851bn on lower impairment losses and an extension to 50 years of the accounting depreciation period of its 900MWe pressurised water reactors in France.

Date: Thursday, 16 February 2017
Original article: neimagazine.com/news/newsedf-sales-down-but-improvement-expected-in-2018-5741134


Hiroaki Nakanishi, chairman and CEO of Hitachi, said on 30 January that the setbacks experienced by EDF in developing the Hinkley Point C nuclear power plant in the UK raised questions about how future NPPs, including its GBP14bn ($19.9bn) Wylfa Newydd project on Anglesey are to be funded.

Date: Monday, 01 February 2016
Original article: neimagazine.com/news/newsuncertainty-over-hinkley-point-echoed-by-hitachi-4798508

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