Blank cheques to EDF?

“Barclays, which forecasts stagnant earnings per share growth and negative free cash flow for EDF, doubts the French state will approve the above-inflation price increases the company needs for nuclear power plant upgrades.”

But more importantly than that, even IF the government agrees to a secrecy clause and blank cheques from British taxpayers to the french government via EDF they still won’t start building on time because

“Even if EDF finds a new partner, it will have no interest in starting the project early, as its cash flow is needed in France”
http://uk.finance.yahoo.com/news/preview-edf-shed-assets-cut-145702640.html

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One thought on “Blank cheques to EDF?

  1. Steve Bidds says:

    Does this mean that the project in the North East is a no go?
    I heard about the job-loss there and they were speaking positively about the EDF nuclear development.. in relation to Barclays, etc.. funny how they all stick together..
    Check the sticky history of this energy giant.. it’s not surprising what they’re attempting http://serviceclientcontacter.website/edf-service-client-edf-contact/

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