AIRLINK 200.02 Increased By ▲ 6.46 (3.34%)
BOP 10.23 Increased By ▲ 0.28 (2.81%)
CNERGY 7.83 Decreased By ▼ -0.10 (-1.26%)
FCCL 40.00 Decreased By ▼ -0.65 (-1.6%)
FFL 16.80 Decreased By ▼ -0.06 (-0.36%)
FLYNG 26.50 Decreased By ▼ -1.25 (-4.5%)
HUBC 132.79 Increased By ▲ 0.21 (0.16%)
HUMNL 13.99 Increased By ▲ 0.10 (0.72%)
KEL 4.67 Increased By ▲ 0.07 (1.52%)
KOSM 6.57 Decreased By ▼ -0.05 (-0.76%)
MLCF 46.66 Decreased By ▼ -0.94 (-1.97%)
OGDC 211.89 Decreased By ▼ -2.02 (-0.94%)
PACE 6.89 Decreased By ▼ -0.04 (-0.58%)
PAEL 41.34 Increased By ▲ 0.10 (0.24%)
PIAHCLA 17.02 Decreased By ▼ -0.13 (-0.76%)
PIBTL 8.13 Decreased By ▼ -0.28 (-3.33%)
POWER 9.37 Decreased By ▼ -0.27 (-2.8%)
PPL 181.45 Decreased By ▼ -0.90 (-0.49%)
PRL 41.60 Decreased By ▼ -0.36 (-0.86%)
PTC 24.69 Decreased By ▼ -0.21 (-0.84%)
SEARL 112.25 Increased By ▲ 5.41 (5.06%)
SILK 1.00 Increased By ▲ 0.01 (1.01%)
SSGC 44.00 Increased By ▲ 3.90 (9.73%)
SYM 19.18 Increased By ▲ 1.71 (9.79%)
TELE 8.91 Increased By ▲ 0.07 (0.79%)
TPLP 12.90 Increased By ▲ 0.15 (1.18%)
TRG 67.40 Increased By ▲ 0.45 (0.67%)
WAVESAPP 11.45 Increased By ▲ 0.12 (1.06%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
YOUW 4.00 Decreased By ▼ -0.07 (-1.72%)
BR100 12,170 Increased By 125.6 (1.04%)
BR30 36,589 Increased By 8.6 (0.02%)
KSE100 114,880 Increased By 842.7 (0.74%)
KSE30 36,125 Increased By 330.6 (0.92%)

French power company EDF said on Wednesday that it is not planning any delay in the construction of the controversial Hinkley Point nuclear plant which is to go onstream in 2025.
The Financial Times, citing an internal white paper, said that engineers at the utility had called for at least a two-year delay in the project and recommended a redesign of the reactor technology.
Hinkley Point, which EDF is set to build in partnership with China General Nuclear Power Corporation (CGN), will be Britain's first nuclear power plant in decades and is to provide seven percent of its energy needs by 2025.
With a projected cost of £18 billion (23.2 billion euros, $25.5 billion) it will also be one of the world's most expensive nuclear power plants.
EDF said in a statement that "unfounded rumours and fanciful information" had been published concerning Hinkley Point in recent days.
"EDF denies these rumours, confirms that the date for the first reactor going online is fixed for the end of 2025 and that no delay is being envisaged," it said.
It said "this anonymous press campaign" was hurting EDF's interests and those of its subsidiaries and staff.
Questions have been raised about the financial viability of the project as EDF, 84-percent owned by the French state, is struggling with a debt pile of more than 37 billion euros.
EDF has reportedly asked the government to help it finance the contested plan to build Hinkley Point, and French Economy Minister Emmanuel Macron said this month that the French government was willing to inject fresh capital into the energy giant if necessary.
He subsequently said that EDF would take a final investment decision on the plant by early May.
Also this month, EDF's finance chief resigned, with a source close to the project saying he stepped down over a disagreement about Hinkley Point.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.