[Machine Translation] France was a net importer of electricity in November, while its production of nuclear and hydraulic was back again, said Tuesday the manager of the transmission network. “The monthly balance of trade becomes an importer in November 2017, which had not happened since January 2017. It amounts to 826 GWh” (gigawatt hours), said RTE in its monthly balance sheet. France has thus imported more electricity than it exported during the past month, and has in particular been a net importer from Spain, the United Kingdom and the so-called CWE zone (Central Western Europe, which includes Germany and Belgium). In terms of electricity generation, nuclear generation was 2.6% lower than in November 2016 due to unavailability, while a number of EDF reactors were shut down for various reasons. reasons (scheduled maintenance, stops at the request of the safety authority …).
L’Express 26th Dec 2017 read more »
EDF SA (EDF.FR) has signed an agreement with Areva SA to buy 75.5% of New NP, the French electricity provider said late Friday. The deal would value New NP, Areva SA’s nuclear reactor unit, at EUR2.47 billion ($2.93 billion) for 100% of its shares, with no transfer of financial debt, the company said. The valuation of New NP is based on its 2017 earnings before interest and taxes before depreciation and amortisation and may still be adjusted after final figures have been reported on Dec. 31, EDF said. Depending on the certain performance targets, an additional EUR245 million price complement could be paid.
Market Watch 27th Dec 2017 read more »