Electricite de France

Plans to build two next-generation nuclear reactors at Hinkley Point in southwest England are stalled at the crossroads of ambitions by Britain, China and French electricity giant EDF.
 

Mitsubishi Heavy Industries Ltd would consider investing in nuclear company Areva , which is being bailed out by the French government, the president of the Japanese company told the Asahi newspaper.

?We will no doubt be consulted (by Areva). Because of our long relationship and, if cooperation is sought, we would consider it seriously,? Shunichi Miyanaga said in an interview.

 Gov?t is planning to examine French model of power production auctions for third-party access

By Chryssa Liaggou

The French model will be used for the liberalization of the Greek electrical energy market, according to a speech by Finance Minister Yanis Varoufakis at the European Business Summit in Brussels on Thursday.

French President Francois Hollande has said he would like to see French companies fully engaged in the process of diversification of Bulgaria's energy supplies.

Speaking after a meeting with Bulgarian Prime Minister Boyko Borisov in Paris on Tuesday, Hollande said he and French Prime Minister Manuel Valls would be willing to see Electricite de France (EDF) being present in Bulgaria.

Nuclear manufacturer Areva has announced a 4.8 billion euro loss for 2014, more than its entire market value, plunging the powerful French nuclear industry into turmoil.
     
The French government said on March 4 it's working closely with Areva to restructure and secure financing, and would "take its responsibility as a shareholder" in future decisions about its direction.

The life of unit 5 of Bulgaria's Kozloduy nuclear power plant may be extended by up to 60 years, according to a media statement of the N-plant.

The Italians with Enel may renounce the sale of their operations in Romania, since they cannot get 1.8 billion euros from this transaction, as they wanted, official sources said on Thursday.

By Chryssa Liaggou

The energy sector was surprised at Enel’s eagerness to learn about Greece’s hydrocarbon surveys, as the bulk of the Italian firm’s activity is focused on the production, transmission and distribution of electrical energy from conventional and renewable sources.

By Chryssa Liaggou

French energy giant Electricite de France (EDF) expressed last week its interest in the privatization of Greece’s Public Power Corporation (PPC), just as the government is poised to sell off part of the electricity company under a scheme dubbed “Small PPC.”