Medical and Hospital News  
CIVIL NUCLEAR
France's EDF to decide on UK nuclear project in September
by Staff Writers
Paris (AFP) April 24, 2016


France's energy giant EDF will give the final green light to the controversial construction of two nuclear reactors at Hinkley Point in Britain in September, Economy Minister Emmanuel Macron said Sunday.

French President Francois Hollande "has confirmed France's engagement" in the project, and "the final decision on investment could be confirmed in September", Macron said in an interview with weekly newspaper Le Journal du Dimanche.

The final investment decision had been expected in May, but EDF, which is 85 percent owned by the French state, announced a delay on Friday saying it first had to consult with an internal committee as demanded by France's unions. This could set the project back for several months.

"The investment in the two reactors at Hinkley Point will be equivalent to a year of investments by EDF. This won't shake its financial trajectory," Macron added, denying rumours France could pull out of the project.

Macron added that the project would promote French technology in the face of American, Chinese and Russian competition.

Hinkley Point, which EDF is to build in partnership with China General Nuclear Power Corporation (CGN), will be Britain's first nuclear power plant in decades and is to provide seven percent of its energy needs by 2025.

With a projected cost of PND 18 billion ($26 billion, 23 billion euros), it will also be one of the world's most expensive nuclear power plants.

Questions have been raised about the financial viability of the project as EDF is struggling with a debt pile of more than 37 billion euros ($42 billion).

On Friday, the French government announced that it would plough three billion euros ($3.4 bn) into the energy provider, as part of a four-billion-euro capital increase.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
CIVIL NUCLEAR
France to lead 4 bn euro cash injection for EDF
Paris (AFP) April 22, 2016
France said late Friday that it would lead a four-billion-euro capital increase for power company EDF, months after agreeing a similar cash injection for the other pillar of its nuclear industry, Areva. EDF, which is 85 percent owned by the French state, also pledged to cut millions more in costs and sell off assets in a bid to reduce its huge pile of debt. The electricity giant has been ... read more


CIVIL NUCLEAR
30 years on, Russia's Chernobyl victims say they have been abandoned

Ecuador's president announces economic measures in wake of killer quake

NATO warns migrant smugglers 'shifting routes rapidly'

NASA tests earthquake mitigation system

CIVIL NUCLEAR
Satellite touchdown in run up to Galileo launch

Russian Glonass Satellite Scheduled for Launch on May 21

Glonass navigation system's ground infrastructure successfully completed

China launches 22nd BeiDou navigation satellite

CIVIL NUCLEAR
Bigger brains led to bigger bodies in our ancestors

How the brain consolidates memory during deep sleep

Are humans the new supercomputer

Brain observed filing memories during sleep

CIVIL NUCLEAR
Ivory Coast deploys rangers to protect dwarf elephants

S.Africa won't seek to legalise rhino horn trade: govt

Mosquitoes: can't live with 'em, can't live without 'em

Madagascar yields three new primate species

CIVIL NUCLEAR
The genetic evolution of Zika virus

5 mn AIDS patients going untreated in west, central Africa: MSF

Research finds Zika 'significantly changed' since 1947

China detained more than 200 over vaccine scandal

CIVIL NUCLEAR
New fears for press freedoms as Hong Kong editor sacked

China sets death penalty threshold in graft cases

Twitter's new China head wants to 'work together' with state media

More Western art on shopping list for Chinese tycoon Liu

CIVIL NUCLEAR
Mexican soldiers detained as torture video surfaces

Pirates abduct six Turkish crew off Nigeria: navy

US, Hong Kong bust huge smuggling operation

10 gang suspects killed in northern Mexico

CIVIL NUCLEAR
China posts slowest quarterly growth on record: govt

Alibaba financial affiliate valued at $60 bn

China GDP growth slows to 6.7% in first quarter: govt

Dark economic cloud over IMF-World Bank meeting









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.