EDF nationalisation will not raise French household power bills
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EDF nationalisation will not raise French household power bills.
(credits: Google)
EDF is essential to France’s nuclear plan.
The government is relying on to mitigate the effects of skyrocketing energy prices.
The cost of power for the French people won’t change as a result of the nationalisation of EDF.
According to government spokesman Olivier Veran, the planned nationalisation of French power company EDF (EDF.PA) won’t raise electricity prices for French residents.
According to Veran, the cost of power for the French people won’t change as a result of the nationalisation of EDF.
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A day after France declared it would completely nationalise the indebted company, EDF and the French government announced on Thursday that they were looking for a new leader to revamp the energy company and construct more nuclear reactors.
One of Europe’s largest utilities, EDF, in which the state already owns an 84 percent stake, is essential to France’s nuclear plan, which the government is relying on to mitigate the effects of skyrocketing energy prices made worse by the conflict in Ukraine.
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The US dollar was seen losing ground against the rupee in interbank trading on Wednesday morning as it fell by 50 paisa, with analysts linking the development to optimism surrounding the expected release of loan tranches by the International Monetary Fund (IMF). According to the Forex Association of Pakistan (FAP), the greenback depreciated Rs1.45 against the previous day's close of Rs206 to reach Rs204.55 around 1:20pm. The FAP's closing rate of the last session shows a difference of 87 paisa from that of the State Bank of Pakistan, recorded at Rs206.87. By closing time on Wednesday, the greenback was being traded at Rs205.50 in the interbank. Exchange Companies Association of Pakistan General Secretary Zafar Paracha attributed the international currency's fall to the possibility of the IMF releasing two combined tranches of around $1.85 billion instead of the initially expected single tranche of around $1bn. On Tuesday, Pakistan received the Memorandum of Eco...
The rupee, which has been on an upward trend for more than a week now, continued strengthening against the dollar in the interbank market on Friday. By 10:05am, the local currency had gained Rs2.15 against the dollar to reach Rs224, up 0.95 per cent from yesterday’s close of Rs226.15. The rupee had been on a consistent decline from July 15 and fallen to a record low of 239.94 on July 28. But since July 29, it has reversed gears and its value had risen by Rs14.15 till yesterday (Aug 4). The biggest hike was seen on Wednesday (Aug 3), when the rupee appreciated by a record single-day gain of Rs9.59 or 4.19pc. This major gain by the rupee has brought exchange rate stability as currency dealers feel that the fluctuations would not be as volatile as were witnessed in July when the greenback gained over 13pc in a single month against the local currency. More to follow. Source link
https://www.news.qm.com.pk/pkr-gains-rs2-15-against-dollar-in-interbank-market-business/?feed...
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