Electricite de France SA (EDF.PA)
26 Oct 2016
LONDON The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium prices at record lows, forcing mining companies to mothball mines, slice costs and cut debt as they struggle to survive.
LONDON Britain does not need EDF's 18-billion pound ($23 billion) Hinkley Point C nuclear plant to ensure the lights will stay on because alternative projects like new gas plants will be able to fill the gap, the CEO of energy company SSE said.
LONDON Britain will continue to seek investment from around the world, a spokesman for Prime Minister Theresa May said on Tuesday after a meeting of senior ministers to discuss a new economic and industrial strategy.
PARIS Nuclear power plants across France were hit with unplanned outages on Thursday after unionized workers at utility EDF joined a rolling nationwide strike against planned government reforms.
BEIJING China General Nuclear Power Corporation (CGNPC) on Saturday said it has no plans to build reactors at the Hinkley Point C site in Britain, denying reports it would be willing to take over from EDF should the French firm pull out.