French group purchases 100 percent of privileges to construct third Oswego County nuclear yard

A French government-controlled group is purchasing 100 percent of the progression privileges for a latent third nuclear plant at Nine Mile Point base in Oswego County.

EDF or Electricite de France SA which is a efficacy, 85 percent controlled by the French government, this week declared that it might purchase Constellation Energy Group's 50 percent gain in nuclear expansion group, Unistar. Previous to the $140 million takeover, EDF had controlled half of Unistar, a group formed in 2005 to construct latest nuclear plants.

EDF and Constellation finalizes $4.5bn joint venture

French energy company EDF and its US nuclear partner Constellation Energy Group Inc. said Friday that they finalized a $4.5 billion joint venture deal.

Under the deal, EDF will own 49.9 per cent of Constellation Energy's existing nuclear assets. Speaking on the issue, Constellation said, "We are pleased that the Maryland Public Service Commission concluded the Constellation Energy-EDF nuclear joint venture.

EDF to sell UK electricity arm to reduce debts

EDF, Europe's leading power generator, has announced that it had put on sale its electricity distribution network in the UK in order to lift €4 billion to reduce its debts.

At the end of June, EDF was burdened with a heavy debt of €36.8 billion.

EDF, which provides power to about 7.9 million homes in the UK, said a number of parties including Abu Dhabi investment fund had showed their interest in buying the network.

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