nuclear-news

Moorside – Engie
[Machine Translation] The French group is trying to abandon its projects in Turkey and Great Britain. A split of the Belgian subsidiary is envisaged. Nuclear power is soon over for Engie. For a few months, the French energy company has begun a major strategic shift by focusing on renewable energies. But this volte-face requires first of all to get rid of its historical activities. According to several sources close to the management, the group seeks to emerge from its two major nuclear projects in Turkey and Great Britain. “Engie wants to give it up because it no longer has the resources to finance such expensive projects,” says one of these sources, “but this is problematic because we have to get out of partnerships with Areva and Toshiba.” In 2013, Engie won a € 17 billion contract in Turkey for four medium-power reactors (Atmea) in cooperation with Areva…