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France's oldest nuclear plant shut down after incident but no danger posed - EDF

PARIS (Reuters) - France's oldest nuclear power plant, Fessenheim, was shut down on Saturday following an incident at the facility away from the reactor which did not pose any danger, operator EDF said. The accidental closing of a valve controlling the steam supply to the turbine generator automatically shut down Fessenheim's reactor 2. Technicians were working on the issue and a restart date had yet to be determined, an EDF spokeswoman told Reuters.

Insight: Hinkley nuclear deal marries French, British ambitions

By Geert De Clercq and Karolin Schaps PARIS/LONDON (Reuters) - Hinkley Point C, the first nuclear plant order in Europe since the 2011 Fukushima disaster, is the fruit of a decade-long process of reconciling two grand national ambitions: Britain's need to avert a power crisis, and France's need to keep its nuclear industry alive with export contracts.

EU to launch probe into British nuclear state aid next week: sources

By Foo Yun Chee and Karolin Schaps BRUSSELS/LONDON (Reuters) - The European Commission will open an investigation next week into planned British support for a new nuclear power plant, three people familiar with the matter said, in a precedent-setting case for future nuclear funding in Europe. Britain has offered EDF a price guarantee lasting 35 years on power from a plant which the French utility plans to build in southwest England.

EDF sells its 4 percent stake in Veolia Environnement

PARIS (Reuters) - French state-controlled utility EDF said on Tuesday it planned to sell its 4.01 percent stake in water and waste group Veolia Environnement to institutional investors. Traders told Reuters the 22.02 million shares would be priced between 11.85 euros and today's close at 12.185 euros, which would value the operation at up to 268 million euros ($363 million). Upon completion of the offering, which will be managed by Morgan Stanley, EDF will have sold all of its shares in Veolia, the company said.

French utility EDF's sales up 6.9 per cent so far this year on colder weather, price rise

PARIS - State-controlled utility Electricite de France says revenue grew 6.9 per cent in the first nine months of the year, driven in part by cold weather and higher tariffs in France. The nuclear giant said Thursday that sales rose to 55.2 billion euros ($74.6 billion) in the period to Sept. 30. In France, which accounts for about half of EDF's revenue, sales were up 3.1 per cent, amid colder weather than last year. A tariff increase added 500 million euros to revenue.

UK storm causes two Dungeness nuclear reactors to close

LONDON (Reuters) - The storm that swept across southern Britain on Monday morning caused nuclear power outages at the Dungeness B21 and B22 units, operator EDF Energy said. EDF Energy said on its website that both units, which have a capacity of 550 megawatts (MW) each, came off at 0744 GMT on Monday, adding that unit availability was expected to be zero for the next seven days. "The shutdown was weather-related. The plant reacted as it should and shut down safely," an EDF Energy spokeswoman said.

EDF deal reignites debate over energy costs in Britain

As two French energy giants clinch a deal to build Britain's first new nuclear plant for a generation, debate has been reignited over nuclear's cost to taxpayers and the legacy of delays at similar projects. EDF agreed to construct two nuclear reactors at Hinkley Point C in southwestern England in a deal announced Monday worth £16 billion ($26 billion, 18.9 billion euros), alongside French nuclear group Areva and Chinese nuclear firms CGNPC and CNNC.

UK government strikes deal to build nuclear plant with EDF and Chinese investors

LONDON - Britain's government says it struck a deal with France's EDF energy and a group of Chinese investors to build the first nuclear power plant in a generation. Energy secretary Ed Davey told the BBC the power project is critical to the country's efforts to "to keep the lights on and to power British business." The plant at Hinkley point in southwestern England won't start generating power until 2023.

EDF signs £16-bn deal to build new UK nuclear plant

French energy giant EDF said on Monday it had clinched a deal worth £16 billion ($26 billion, 18.9 billion euros) to build Britain's first new nuclear plant for a generation, with Chinese backing. EDF has agreed to construct two nuclear reactors at Hinkley Point C, in southwestern England, alongside French nuclear group Areva and Chinese nuclear firms CGNPC and CNNC. The price of shares in Areva jumped by slightly more than 4.0 percent in initial trading in Paris in reaction to the deal.

EDF wins £16-bn deal to build two UK nuclear reactors

French energy giant EDF said Monday it had won a deal worth 16 billion pounds (18.9 billion euros) to build two nuclear reactors in Britain. "This deal means £16 billion of investment coming into the country and the creation of 25,000 jobs," said British Prime Minister David Cameron in a joint EDF-British government press release. Two Chinese nuclear firms, CGNPC and CNNC, are expected to take a 30-40 percent stake between them, the statement added.
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