EDF will not be able to restart seven nuclear reactors undergoing safety checks for at least another 45 days, France’s nuclear watchdog ASN said on Tuesday, suggesting a potential setback in EDF’s plans to restart the reactors by the year-end. EDF has been told to conduct checks on 12 reactors at the request of ASN, leading to lower than usual power capacity in France in the run-up to winter and triggering a jump in European prices to multi-year highs. ASN has yet to receive additional information it has requested from EDF regarding seven reactors, a spokeswoman told Reuters, confirming an earlier report by BFM Business radio.
Reuters 15th Nov 2016 read more »
French state-owned power utility EDF has agreed to buy loss-making Areva’s nuclear reactors in a deal valuing them at 2.5 billion euros ($2.7 billion). Areva, which has been under severe financial strain, is undergoing a restructuring and is selling the Areva NP business to focus on uranium mining and nuclear fuel. Wednesday’s widely-expected announcement from the French companies clears the way for Areva to raise a further 5 billion euros in new capital, largely from the French state.
Reuters 16th Nov 2016 read more »