EDF invests in new-generation power stations

EDF, the German-owned energy company, has announced plans to invest in four new nuclear power plants after the Government’s decision to press ahead with plans for new-generation power stations.

Rival energy companies Centria, owner of British Gas, and E.ON are also expected to invest in the new stations.

The Government announced it planned to go ahead with nuclear power stations yesterday (January 10) and it hopes to have the first plants operational by 2017. The move has been criticised by environmental groups, who are concerned that nuclear power will only reduce carbon emissions by 4%. Greenpeace says the reductions in emissions will be “too little, too late”.

Vincent De Rivaz, chief executive of EDF Energy, says: “We expect a wide spectrum of support for the Government because the decision reflects the long-term concerns of all energy users.”

De Rivaz says that reports of an impending energy crisis mean the plans are a “positive” step towards meeting the country’s energy needs. “At a time when oil has touched $100 [£50] a barrel, these needs will not be met through increased dependence on imported gas,” he adds.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here