Subscribe free to our newsletters via your
. Nuclear Energy News .




CIVIL NUCLEAR
Italian power giant pulls out of French nuclear deal
by Staff Writers
Rome (AFP) Dec 04, 2012


Italian power giant Enel on Tuesday said it was pulling out of a deal with France's EDF to build nuclear reactors at six plants and added that it would receive 613 million euros ($802 million) in reimbursements.

Enel said in a statement that the first reactor project in Normandy in northern France had encountered "construction cost overruns and delays".

It also said there had been "a significant drop in power demand", adding that the timeframe for other nuclear investments in France was "uncertain".

A referendum in Italy last year that confirmed a moratorium on nuclear energy also "diminished the strategic relevance" of the project, it said.

The money Enel said it would receive concerns expenses already paid for its 12.5 percent stake in the project.

Enel said it would continue to operate in France in the fields of renewable energy, natural gas and power trading.

The withdrawal will come into force on December 19, Enel said.

The Italian company last month reported a third-quarter net profit of 987 million euros, a 6.2 percentage point increase from the same period in 2011.

Enel's sales rose 11 percent to 21.207 billion euros.

.


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








CIVIL NUCLEAR
Clinton backs Westinghouse bid for Czech nuke deal
Prague (AFP) Dec 03, 2012
US Secretary of State Hillary Clinton on Monday backed a bid by US energy giant Westinghouse to build two new units at the Czech Temelin nuclear plant worth at least $10 billion (7.67 billion euros). "We are not shy about pressing the case for Westinghouse to expand the Temelin nuclear power plant because we believe that company offers the best option for the project in terms of technology a ... read more


CIVIL NUCLEAR
Garbage bug may help lower the cost of biofuel

Tiny algae shed light on photosynthesis as a dynamic property

Algae held captive and genes stolen in crime of evolution

Marine algae seen as biofuel resource

CIVIL NUCLEAR
British firm to build 'Africa's biggest solar plant'

The Future Looks Bright: ONR, Marines Eye Solar Energy

The Installed Price of PV Systems in the U.S. Continues to Decline at a Rapid Pace

Upsolar Modules Earn High Marks for Long-Term Performance

CIVIL NUCLEAR
US Navy, DoD, Developer Announce Wind Farm Agreement

Britain: Higher energy bills 'reasonable'

Areva commits to Scotland turbine plant

AREVA deploys its industrial plan to produce a 100 percent French wind power technology

CIVIL NUCLEAR
S. America upbeat on energy growth in 2013

Making sustainability policies sustainable

Need for clean energy 'more urgent than ever': IEA

Japan's Hitachi, Mitsubishi Heavy to merge power units

CIVIL NUCLEAR
Argonne National Lab Selected as DOE's Batteries and Energy Storage Hub

Report decries Big Oil's 'oily grasp' on Canada

Iraq oil exports steady in November

China opposes US bill on island dispute

CIVIL NUCLEAR
Do missing Jupiters mean massive comet belts?

Brown Dwarfs May Grow Rocky Planets

Astronomers report startling find on planet formation

A Sky Full of Planets

CIVIL NUCLEAR
Northrop Grumman to Supply Navigation Systems for Indian Coast Guard Vessels

China conducts first landing on aircraft carrier

India says to get Soviet-era aircraft carrier in 2013

China conducts first landing on aircraft carrier

CIVIL NUCLEAR
NASA Mars Rover Fully Analyzes First Soil Samples

Curiosity Shakes, Bakes, and Tastes Mars with SAM

China prepares to grow vegetables on Mars: state media

Opportunity Gets to Work on Interesting Rock Targets




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal 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. 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. Privacy Statement