EDF in talks about compensation with French government

EDF is to hold talks with the French government over compensation due as a result of the planned shutdown of the country’s oldest nuclear power plant.

Referring to the closure of Fessenheim nuclear power plant, Chief Executive Officer of EDF Henri Proglio told RTL Radio, “Discussions will be started with the government. I am responsible for a company so I am responsible vis a vis my investors to defend the interests of the company. That’s legitimate.”

Nuclear power plant
French President Francois Hollande said Sept. 14 Fessenheim will be shut at the end of 2016, marking the first step in his bid to reduce the nation’s reliance on atomic power.

France holds 84 percent of EDF (Euronext: EDF) which owns the country’s 58 working nuclear reactors and is developing a new one in Flamanville in Normandy, reports Bloomberg.

For more nuclear power news

     

 

Share
     


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...