Energy News  
CIVIL NUCLEAR
EDF says extending life of 4 UK nuclear power stations
By Roland JACKSON
London (AFP) Feb 16, 2016


EDF Energy, the British arm of French giant EDF, will extend the life of four of its UK nuclear power stations by up to seven years, it said Tuesday.

The announcement, revealed alongside annual results from its parent firm, comes with EDF yet to make a final decision over the construction of a vast new nuclear power plant at Hinkley Point in southwest England.

"EDF Energy has announced new scheduled closure dates for four nuclear power stations," it said in a statement.

The four stations are Heysham 1 and Heysham 2 in northwest England, Hartlepool in the northeast and Torness in Scotland.

Heysham 1 and Hartlepool were due to be decommissioned in 2019 but will continue to operate for another five years. Power generation at Heysham 2 and Torness will be extended by seven years to 2030.

EDF added it had made the decision to extend operations following "extensive technical and safety reviews of the plants" that it has shared with the British industry regulator.

Together, the four power plants supply electricity to about one quarter of homes in Britain, according to EDF, employing a total of 2,000 permanent staff and 1,000 contractors.

"Our continuing investment, our expertise and the professional relationship we have with the safety regulator means we can safely prolong the operating life of our nuclear power stations," said EDF Energy chief executive Vincent de Rivaz.

"Their excellent output shows that reliability is improving whilst their safety and environmental performance is higher than ever," he added.

"In today's extremely tough market conditions, we think (British) government policy (in favour of nuclear power) will be maintained and reinforced, giving us confidence to invest in our nuclear plants," said the chief executive.

- Hinkley decision approaching -

EDF said that it hoped to begin building Hinkley Point C -- Britain's first new nuclear power plant in decades -- "very soon".

"I think the investment decision is approaching," parent company CEO Jean-Bernard Levy said.

In a separate statement, EDF said the "final steps are well in hand to enable the full construction phase to be launched very soon."

In October, EDF signed a deal with China General Nuclear Power Corporation to build Hinkley Point C, with construction costs totalling �18 billion ($25.8 billion, 23.6 million euros).

EDF added it was committed to being Britain's leading investor in low carbon electricity.

The group meanwhile announced it was slashing its dividend after unveiling sharply lower annual net profits of 1.19 billion euros compared with 3.70 billion euros in 2014 on asset write-downs in Britain, Belgium, Italy and Poland.

But it judged operational performance "good" with sales rising 2.2 percent to 75 billion euros, an assessment which helped to lift its share price six percent in early trading in Paris to 10.90 euros.

Europe's biggest electricity producer also forecast that lower energy prices this year would dent earnings.

Shares in the utility have lost around a quarter of their value this year and hit a low a month ago after the French nuclear waste agency said costs for a deep geological storage project could be substantially higher than EDF's own estimates, which the firm disputed.

EDF, in which the French state maintains an 84.5-percent stake, cut its dividend for 2015 to 1.10 euro per share from 1.25 in 2014.

Levy said that would see the company save an estimated 1.8 billion euros in cash on its dividend payout.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
CIVIL NUCLEAR
Australian state could take 13% of globe's nuclear waste
Sydney (AFP) Feb 15, 2016
A nuclear dump in an Australian state could handle 13 percent of the world's atomic waste and prove "highly profitable" in the long term, initial findings from a high-level inquiry said Monday. The prospect of a nuclear dump in the vast nation has proven controversial in the past. Australia has yet to decide where to store its own radioactive waste let alone any imported material. But t ... read more


CIVIL NUCLEAR
Iowa State engineers develop hybrid technology to create biorenewable nylon

Researchers create synthetic biopathway to turn agriculture waste into 'green' products

Spain's Abengoa submits plan to avoid bankruptcy: source

UCR research advances oil production in yeast

CIVIL NUCLEAR
SolarEdge Surpasses 10 Million Shipped Power Optimizers

Clean Energy Collective Co-Founds Community Solar Trade Association

Renewables for mining go baseload with a hybrid fuel-solar solution

Global Solar PV Pipeline Surpasses 200 GW

CIVIL NUCLEAR
EU boasts of strides in renewable energy

Offshore U.K. to host world's largest wind farm

Germany aims to build wind energy reputation

Mechanical trees generate power as they sway in the wind

CIVIL NUCLEAR
US, Canada and Mexico sign clean energy pact

Supreme Court deals blow to Obama climate plan

Online shopping about as "green" as a three dollar bill

Scientists say window to reduce carbon emissions is small

CIVIL NUCLEAR
Footsteps could charge mobile electronics

Electric-car battery materials could harm key soil bacteria

Creation of Jupiter interior, a step towards room temp superconductivity

Scientists create laser-activated superconductor

CIVIL NUCLEAR
Earth-like planets have Earth-like interiors

The frigid Flying Saucer

Astronomers discover largest solar system

Lonely Planet Finds a Mum a Trillion Km Away

CIVIL NUCLEAR
Sens. McCain, Reed criticize Navy's Littoral Combat Ship program

German Navy testing unmanned counter-mine vessel

U.K. announces $289 million for new nuclear submarines

India gathers navies in show of maritime might

CIVIL NUCLEAR
Becoming a Martian

Site of Martian lakes linked to ancient habitable environment

Opportunity climbing steeper slopes to reach science targets

Opportunity Reaches 12 Years on Mars!









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.