EDF nationalisation will not raise French household power bills
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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 rupee extended its gains in the interbank market for the third consecutive day on Tuesday, rising to 238 against the dollar. The local currency, which closed at 238.84 yesterday, gained 84 paise by 10:33am, according to the Forex Association of Pakistan (FAP). Overall, the PKR has gained nearly Rs2 in the interbank market since Friday. It gained 57 paise on Friday, followed by 53 paise in this week’s opening session. Prior to that, the local currency had been on a consistent decline since July 16. More to follow. Source link
https://www.news.qm.com.pk/pkr-gains-84-paise-in-interbank-market-business/?feed_id=137176
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