Forget about that EDF idea as UK Nuclear prototypes hit delays.

Stumbled on the following article - www.guardian.co.uk: City presses Centrica to cancel plans for building nuclear power plants which puts a mocker on the potential idea of EDF as an investment based upon the plan to build 4 nuclear power generators in the UK. I had picked up the thread of an idea based upon a Mail on Sunday article which I touched on in an earlier post: UK Energy Policy and a possible share to capitalise in the long term.

Worse still is a growing view from the city that suggests Centrica should "not touch with a barge pole"  the joint venture in which it has a minority stake following an update on the Normandy prototype which suggests that cost and time overruns are mounting following re-design requirements following the Fukushima explosion and the prototype's own accidents and problems. Some suggest that the project is already 4 years in arrears.


Bang goes that idea then until it becomes significantly clearer and more predictable. Hopefully, it won't significantly affect Centrica either!


Related articles:
- www.guardian.co.uk: City presses Centrica to cancel plans for building nuclear power plants
- www.thisismoney.co.uk: Greener energy is predicted to push fuel bills up by £200 a year

Related posts:
- UK Energy Policy and a possible share to capitalise in the long term

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