AIRLINK 175.55 Decreased By ▼ -2.01 (-1.13%)
BOP 11.01 Decreased By ▼ -0.04 (-0.36%)
CNERGY 8.29 Increased By ▲ 0.12 (1.47%)
FCCL 47.23 Decreased By ▼ -0.09 (-0.19%)
FFL 16.02 Decreased By ▼ -0.10 (-0.62%)
FLYNG 27.31 Decreased By ▼ -0.04 (-0.15%)
HUBC 142.32 Decreased By ▼ -4.59 (-3.12%)
HUMNL 13.30 Decreased By ▼ -0.21 (-1.55%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 5.90 Decreased By ▼ -0.01 (-0.17%)
MLCF 61.80 Decreased By ▼ -0.22 (-0.35%)
OGDC 226.77 Decreased By ▼ -7.91 (-3.37%)
PACE 5.77 Decreased By ▼ -0.03 (-0.52%)
PAEL 44.80 Decreased By ▼ -1.61 (-3.47%)
PIAHCLA 17.88 Decreased By ▼ -0.24 (-1.32%)
PIBTL 10.47 Decreased By ▼ -0.10 (-0.95%)
POWER 12.02 Increased By ▲ 0.03 (0.25%)
PPL 185.92 Decreased By ▼ -5.88 (-3.07%)
PRL 37.16 Decreased By ▼ -0.16 (-0.43%)
PTC 24.05 Increased By ▲ 0.85 (3.66%)
SEARL 100.29 Decreased By ▼ -0.60 (-0.59%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 38.51 Decreased By ▼ -1.20 (-3.02%)
SYM 14.75 Decreased By ▼ -0.28 (-1.86%)
TELE 7.73 Decreased By ▼ -0.11 (-1.4%)
TPLP 11.03 Decreased By ▼ -0.08 (-0.72%)
TRG 66.00 Decreased By ▼ -1.29 (-1.92%)
WAVESAPP 10.97 Decreased By ▼ -0.38 (-3.35%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
YOUW 3.78 Increased By ▲ 0.01 (0.27%)
BR100 12,826 Increased By 19.4 (0.15%)
BR30 38,861 Decreased By -842.2 (-2.12%)
KSE100 118,792 Decreased By -146.5 (-0.12%)
KSE30 36,779 Increased By 22.6 (0.06%)

A strike on Thursday by French workers to protest against a planned Gaz de France and Suez merger cut about 7 percent of France's generation capacity and 20 percent of gas supplies from northern Europe, the leading CGT union said.
Three top unions called the strike over the merger that will reduce the government's stake in GDF from 80 percent to a third, in spite of French law that requires the state to keep a 70-percent share.
The unions also fear the government will similarly reduce its holding in French state-owned utility EDF, Europe's top power producer, in spite of reassurances it would not.
"Electricity and gas workers have since early in the morning united to promote a policy to keep energy in France and Europe public," said the Communist-led CGT.
The strike cut 8,000 megawatts (MW) of power output mainly at EDF's nuclear and coal-fired plants, as well as the 868 MW Gardanne coal-fired plant owned by SNET, a subsidiary of Spain's Endesa, which also is in the midst of take-over bids.
The gas flow from Europe into northern France was reduced by 20 percent, while supplies from some storage facilities into the netwrok were reduced by as much as 10 percent.
Operations at the country's two liquefied natural gas (LNG) import terminals, at Fos on the Mediterranean coast and Montoir on the west coast, were also reduced.
EDF, GDF and SNET officials were not available for comment.
The strike also cut off electricity to public building including EDF-GDF offices, police stations, city halls, schools and universities, but has not plunged the country in darkness nor cut off gas supplies, a CGT spokesman confirmed.
Unions aim to hit the firm's profits by cutting power exports or supplies to industrial clients.
The record level of cuts in French power production was 13,000 to 15,000 MW in 2004, out of EDF's total generating capacity of over 100,000 MW.

Copyright Reuters, 2006

Comments

Comments are closed.