EDF and AREVA back Saudi Arabia’s nuclear programme

French firms EDF and AREVA have signed a series of two agreements with organisations in Saudi Arabia to support the nation’s nuclear energy programme. The first set includes Memorandums of Understanding with five Saudi companies which aim to help develop the industrial and technical skills of local companies while the other set has been signed […]

Strike price is bargain for Britain says EDF group CEO

The “strike price” payment for Britain’s new nuclear power station is a bargain, the chief executive of the company set to build Hinkley Point C suggested today. This morning the Government and EDF shook hands on a guaranteed price for power from the plant. At £92.50 – possibly dropping to £89.50 under the condition EDF […]

EDF Energy’s £471m half-year profits

Power supplier EDF Energy saw profits of £471 million in the first half of this year, it announced today. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) were £903 million – a 3% rise compared to the first six months of 2012, with sales in the UK rising to €4,990 million (£4,323m), a […]

EDF reports record profits, despite loss in sales

The UK arm of EDF Energy recorded record profits of €1.91 billion (£1.59bn) last year, despite its sales dropping by 8%. The French firm says the mild winter was the reason it sold less gas to its customers. Henri Proglio, Chairman and Chief Executive of the EDF group said: “2011 was marked by solid financial […]

EDF sales in UK drop despite surge in nuclear

EDF Energy announced that their sales in the UK have dropped by 7.6% down to €6.2 billion, for the first nine months of the year. The Big Six supplier says that despite huge growth in their nuclear power output, milder weather meant reduced demand for gas and electricity for their retail customers. According to EDF, […]