Electricite de France SA (EDF.PA)
1 Dec 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.