Wednesday, 19 November 2008

Between the Broadsheets

Oil prices reach lowest level in almost two years. The price of oil on Wall Street went down to $54.13, its lowest level since January 2007, as part of a wider market downturn due to concerns about global economic weakness. - France24

EDF has rejected claims that it risked overpaying for British Energy after the UK nuclear generator reported a 50 per cent decline in first-half profits and another big rise in the repair bill for its fleet of ageing reactors. - The Times

The task facing French power company EDF when it takes over British Energy was underlined yesterday when the UK nuclear generator unveiled a fall in profits due to problems at some of its ageing reactors...
...BE's first half profits tumbled 50% to 257M pre-tax, after the company was forced to close its Hartlepool and Heysham 1 power stations for maintenance and repairs - The Daily Telegraph

The country should press ahead with building a new generation of atomic power stations to suck in investment and create jobs, British Energy said yesterday.
The company, which runs most of Britain's fleet of reactors and which reported a 50% slump in profits yesterday, has held talks with local communities around four possible sites. - The Guardian

A new era of Russo-Indian nuclear co-operation is about to start. The head of Russia’s state nuclear corporation Rosatom Sergey Kirienko is going to India on Wednesday on the eve of President Medvedev’s first visit to Delhi in early December, when a major nuclear agreement between the two countries is expected to be signed. - Russia Today

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