• 1 day Shell’s Deepwater Dreams Hit Delay in the Gulf
  • 1 day Wall Street Billionaire Bets on Putin’s Last Gas Pipeline
  • 1 day Nord Stream 2 Enters Debt Restructuring Deal with Creditors
  • 1 day UK More Than Doubles Clean Energy Scheme for Offshore Wind
  • 1 day Enbridge Tops Q1 Profit Estimates on Record Mainline Crude Volumes
  • 1 day Indonesia Looks to Buy More U.S. Fuel to Avoid Steep Tariffs
  • 1 day U.S. Seeks to Downgrade Climate Risk in Global Financial Regulations
  • 1 day Pemex to Reopen Old Oil Wells to Boost Production
  • 1 day UK to Slap Sanctions on 100 Russian-Oil Carrying Tankers
  • 2 days U.S. Nat Gas Liquids Exports Hit Record—Even With China Playing Hardball
  • 2 days Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins
  • 2 days U.S. Sanctions Disrupt Chinese Teapots’ Purchases of Iranian Oil
  • 2 days ConocoPhillips Beats Q1 Profit Estimates as Output Jumps
  • 2 days Russia Claims Active Talks With China on New Gas Pipeline Are Underway
  • 2 days Germany Sees Slump in Wind and Solar Generation
  • 2 days Nigeria Sets Higher Oil Production Target
  • 2 days India Ramps Up U.S. Oil Imports Amid Tariff Discussions
  • 3 days Tesla Sales Plunge In Both China And Europe
  • 3 days Rockefeller Foundation Launches Scheme to Close Coal Plants in Emerging Markets
  • 3 days Energy Transfer Aims for FID on Lake Charles LNG Project by End-2025
  • 3 days U.S. Freeport LNG Export Plant Set to Resume Service After Outage
  • 3 days Exxon to Invest $1.5 Billion in Deepwater Oilfields in Nigeria
  • 3 days India Allows Long-Term Coal Contracts as It Boosts Power Capacity
  • 3 days Norway Eyes Oil and Gas Output Boost With New Licensing Round
  • 3 days Suncor Beats Analyst Forecasts With Q1 Results
  • 3 days India Strikes Pakistan as Conflict Shifts to Strategic Resources
  • 4 days Crude Stockpiles Drop as Oil Prices Rebound
  • 4 days ADNOC Poised to Win EU Approval for $16.6 Billion Covestro Takeover
  • 4 days Marathon Petroleum Sinks to Q1 Loss Amid Low Refining Margins
  • 4 days Oil Prices Surge as Market Shrugs Off OPEC Quota Shock
  • 4 days Higher Demand and Rates Push Duke Energy Q1 Profit Above Estimates
  • 4 days Iraq’s Oil Exports to India Topped $29 Billion in 2024
  • 4 days German Energy Giant Uniper Receives Claims From Gazprom Dispute
  • 4 days Weak Chinese Imports Sink Asia’s Coal Prices to Four-Year Low
  • 4 days House Committee Set to Boost Oil and Gas Drilling on Federal Lands
  • 5 days Oil Price Slide Triggers Demand Jump and Slight Rebound
  • 5 days Shale Major Sees U.S. Oil Production Peaking
  • 5 days Trump: Low Oil Prices Put U.S. In Good Negotiating Position With Russia
  • 5 days Guyana Should Hedge Against Oil Price Slumps, Ex Finance Minister Says
  • 5 days Saudi Arabia and India at Odds Over Crude Supply to Possible Joint Refineries

EDF Plans To Extend Lifespan Of Two UK Nuclear Power Projects

The Nuclear Industry Association (NIA) has welcomed EDF’s intention to extend the lifespan of two of its domestic nuclear power projects.

Tom Greatrex, the chief executive of the NIA, said: “Getting the most out of our existing nuclear stations is vital to ensuring Britain has a secure supply of power going forward. Extensions would provide a critical, immediate boost to UK energy security in the short term, cutting gas use and cutting bills.”

He also urged the Government to sustain its plans to ramp up nuclear power generation to 24GW over the next three decades.

EDF revealed yesterday it was hoping to extend the lifespan of its Hartlepool and Heysham I nuclear power stations beyond their current projected end dates of March 2024, having previously extending their lifespan on two separate occasions.

Collectively, the power plants generate 2.2 GW – enough to power to meet the energy needs of 3.5m households.

The Government is determined to boost supply security over the coming years, committing to a vast expansion of renewable and nuclear energy following Russia’s invasion of Ukraine in February.

It is also looking to extend the shelf life of key power plants, even if only a backup sources of power, having secured the operation of all four of the UK’s coal power plants this winter.

EDF operates each of the UK’s eight nuclear power plants, five of which are still providing power to the grid, around 13 percent of the country’s electricity.

However, the entire fleet is set for closure by 2028 apart from Sizewell B, which will close in 2035 – with EDF currently overseeing the construction of Hinkley Point C, and holds a stake in the proposed Sizewell C project.

EDF has pledged to invest £1bn in the UK fleet to sustain output and help maintain security of supply over the next three years.

By CityAM

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage


ADVERTISEMENT


Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News