Explosion At Tricastin Nuclear Power Station In France.
A former energy advisor to the French government, Mycle Schneider, was being interviewed by BBC this week when he questioned the French utility EDF’s ability to build new nuclear power plants in Britain.
“EDF is in big trouble. The whole of the nuclear power industry in France is in big trouble,” he said. According to Schneider, EDF has debts of €39bn, which means they might not have enough resources to put into the proposed project. He added, It’s a very long-term investment of very uncertain levels of realization.”
EDF and the British government have been deadlocked in negotiations on the Hinkley Point project because the two sides have failed to agree on a price for electricity and other guarantees which the utility has been pushing for. EDF has requested a guaranteed electricity cost which is twice the current amounts for the next 35 years. The mounting concerns are hard to ignore, as EDF could make as much as £90billion over the lifetime of the contract.
http://search.yahoo.com/search;_ylt=AjcPNWIhDZs9r09vVWLPbwebvZx4?p=nuclear+power+in+france&toggle=1&cop=mss&ei=UTF-8&fr=yfp-t-900
http://enformable.com/2013/04/edf-plagued-by-financial-problems-which-could-derail-hinkley-plans/
