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GDF Suez's Belgian Unit to Restart Nuclear Reactors

Electrabel, a Belgian power utility controlled by French group GDF Suez (GSZ.FR), is preparing to restart two nuclear reactors shut since last summer after the country's regulator Friday authorized their reopening.Belgium's Federal Agency for Nuclear Control said in a statement that it lifted the restrictions imposed on two nuclear reactors in two separate plants in Doel and Tihange after a thorough review of the facilities convinced it that the reactors were in full compliance with 11 separate criteria.The statement also said there were still some steps Electrabel would have to take before and after the restart of the nuclear facilities and that it was now expecting a "specific restart plan" by the company.In a separate statement, Electrabel said it is starting the process of restarting the reactors.The Belgian regulator ordered the two reactors shut last summer after tests carried out with new technology found small cracks in the steel of the reactor containment vessels.Electrabel sa...

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  1. OFGEM to Probe 6 Energy Companies for Efficiency Target Failures

    U.K. energy regulator OFGEM said Wednesday it Centrica PLC (CNA.LN) unit British Gas, Drax PLC (DRX.LN), GDF Suez SA (GSZ.FR)/IPM, Intergen, Scottish Power and SSE P...

  2. EDF Keeps 2013 Guidance as First-quarter Revenue Grows 12.1%

    Electricite de France SA (EDF.FR) Tuesday confirmed its full-year financial objectives as it posted a 12.1% increase in first-quarter revenue, mostly due to the last...

  3. GDF Suez Revenue, Earnings Lower as Prices Drop

    French power group GDF Suez SA (GSZ.FR) Tuesday reaffirmed its objectives for the year despite reporting a slight drop in earnings and revenue over the first quarter...

  4. French Goverment Plans to Keep Regulated Gas Tariffs

    French Energy and Environment Minister Delphine Batho Thursday said the government intends to maintain regulated natural gas tariffs, despite a recommendation by the...

  5. France Antitrust Body Calls For End of Regulated Gas Tariffs

    France's antitrust authority Thursday recommended that regulated natural gas tariffs should be gradually phased out as the scheme is detrimental to domestic competit...

  6. GDF Suez Explored Partial Sale of Bonaparte LNG Stake

    France's GDF Suez SA (GSZ.FR) explored the sale of part of its stake in a multibillion dollar Australian gas-export facility targeting rising Asian demand for clean-...

  7. GDF Suez Plans to Close French Gas-Fired Power Plants - Report

    French power utility GDF Suez SA (GSZ.FR) plans to close three of the four gas-fired power plants it operates in its home country because their profitability fell, t...

  8. Spain's Repsol Makes Gas Discovery in Algeria -Report

    Repsol SA (REP) has made a gas discovery in the Sud-Est Illizi block, in the southeast of Algeria, the second since last November, report Spanish newspapers in their...

  9. Ansaldo STS Consortium Gets EUR120 Million Morocco Contract

    Italy's Ansaldo STS SpA (STS.MI) Thursday said its consortium had won a 120-million-euro ($154 million) contract to build a signalling and communications system for ...

  10. Mitsubishi Heavy Lands Turkey Nuclear Plant Deal

    Turkey has decided to hire a team led by Mitsubishi Heavy Industries Ltd. (7011.TO) and France's Areva to build a nuclear power plant at a cost of $22 billion, the N...

  11. E.ON Extends Contract of CEO Teyssen by 5 Years

    German utility E.ON SE (EOAN.XE) said Tuesday that its supervisory board has extended the contract of Chief Executive Johannes Teyssen by five years, part of a wider...

  12. Utilities Becoming the Dinosaurs of Energy World

    Every new solar panel installed on European rooftops chips away at power utilities' centralised production model. Unless they reinvent themselves soon, these giants ...

  1. Frere's GBL Sells €1 Billion GDF Suez Stake

    Belgian investor Albert Frere has sold a 2.7% stake in French utility GDF Suez SA (GSZ.FR) for €1 billion, French daily Les Echos reported on its website Tuesda...

  2. John Wood Group Gets Multi-Million Dollar Australian LNG Contract

    John Wood Group PLC (WG.LN), an international energy services company, Monday said it has been awarded a multi-million dollar engineering contract for the Bonaparte ...

  3. Santos To Review Dividend Policy as PNG Project Nears Completion

    Santos Ltd. (STO.AU) may start returning more cash to shareholders, saying Thursday it will review its dividend policy as a $19 billion gas-export project in Papua N...

  4. EUROPE MARKETS: Europe Stocks Struggle With London Out, U.S. Flat

    European stock markets struggled for direction on Monday, with volumes hampered by a lack of trading in London. Retail sales data for Europe were among the few focal...

  5. European Shares Slip in Thin Trade

    European shares dipped early on Monday as investors took a breather following the previous week's rally to multi-year highs, although further gains were seen on the ...

  6. "No return to privatisations": France's Moscovici

    France is not embarking on a wave of privatisations, Finance Minister Pierre Moscovici said on Monday, adding the state was simply looking to re-balance its 62-billi...

  7. UK Regulator to Investigate Energy Firms Over Emissions Targets

    The U.K.'s energy regulator is launching an investigation into six energy companies for failing to meet energy efficiency targets set by the government, the Office o...

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