nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

EDF desperate for business? trying to quickly sell 6 nuclear reactors to India

AREVA EDF crumblingflag-indiaEDF to propose deal for six nuclear reactors in India by year-end  By Reuters | 12 May, 2016 PARIS: EDF will deliver a proposal to theIndian government by year’s end to build six nuclear reactors, an executive at the French utility said on Thursday, in what could be the world’s biggest nuclear deal.

EDF in January announced a preliminary agreement with Nuclear Power Corp of India LtdBSE 1.29 % to build six EPR nuclear reactors at Jaitapur in western India. …….
Ursat said EDF’s planned 18-billion-pound ($26 billion) Hinkley Point project, which he described as probably the biggest industrial project in Europe, is crucial for EDF and the French nuclear industry.

“Hinkley Point will help us continue our activities and preserve our skills base and jobs,” he said. ……..

He added that by the time Hinkley is completed, it will be time for EDF to start renewing France’s fleet of 58 reactors, which were built largely in the 1980s and 1990s and have a 40-year lifespan.

Chief Executive Jean-Bernard Levy told shareholders that EDF needs growth in international markets because European power markets are stagnant. http://economictimes.indiatimes.com/articleshow/52240726.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

May 14, 2016 - Posted by | France, India, politics, politics international

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

« Previous | Next »