Category: EDF

UK Government Backs £20 Billion Sizewell C Nuclear Plant and Says Chinese Company Not Involved

November 29, 2022
Business & MarketsChinaeconomic policieseconomyEDFenergyInvestmentNuclear Power StationSizewellUKWorld
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Business secretary Grant Shapps has confirmed a Chinese company is “no longer involved” in plans for a new nuclear power station, Sizewell C, in Suffolk on the east coast of England. Shapps made the announcement on Tuesday as he confirmed the government was giving the go-ahead to the £20 billion ($24 billion) project—which the Treasury…

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France to Pay $10 Billion to Take Full Control of EDF

July 20, 2022
Business & MarketsCompaniesEDFEuropeFranceGold and CommoditiesMarketsnuclear plantWorld
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PARIS—France’s government is offering to pay 9.7 billion euros ($9.85 billion) to take full control of EDF, in a buyout deal that gives it a free hand to run Europe’s biggest nuclear power operator as it grapples with a continent-wide energy crisis. The finance ministry said in a statement on Tuesday that the government would…

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EDF Says Time Has Run Out for UK Nuclear Power Station Government Wanted to Keep

May 31, 2022
China General Nuclear Power GroupEDFHinkley PointsomersetUKWorld
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EDF Energy, which is 85 percent owned by France, says it is too late to stop the shutdown of the Hinkley Point B nuclear power station in Somerset despite suggestions the British government wanted to keep it going for a few more years. The site is next door to the £25 billion Hinkley Point C…

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UK to Allow Hinkley Reactors Where Cracks Found to Restart

March 17, 2021
EDFHinkley Pointnuclear reactorsUKWorld
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Britain will allow two nuclear reactors at Hinkley Point where cracks were found to resume limited operations ahead of their scheduled closure in 2022, the sector’s regulator said on Wednesday. Operated by France’s EDF, the two reactors at Hinkley Point B power station in Somerset, southwest England, will each be allowed to operate for two…

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