nuclear-news

Dim outlook in USA for French nuclear company EDF

EDF faces an uphill struggle………. the longer the EDF process draws out, the more it is likely to be tied up by political and economic constraints, beyond the overarching debate about the future of US nuclear energy….

EDF’s role in US nuclear market is clouded, Google hosted news, By Marc Jourdier (AFP) –30 Dec 10, WASHINGTON — Time may be running out for French energy giant EDF to gain a stronger foothold in the US nuclear sector, after it rejected a government loan deal for a new reactor and lost its local partner……….

The French group must find a new local partner because US law requires that firms operating nuclear reactors must be majority US-owned.

A spokeswoman for EDF insisted that the group was still “actively engaged with the DoE” to push the project forward.

But sources close to the case say EDF faces an uphill struggle………. the longer the EDF process draws out, the more it is likely to be tied up by political and economic constraints, beyond the overarching debate about the future of US nuclear energy….

AFP: EDF’s role in US nuclear market is clouded

December 30, 2010 - Posted by Christina Macpherson | business and costs, France