industrialinfo.com - Enel-EDF Joint Venture Sets Foundation for Relaunch of Italian Nuclear Power Program

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Enel-EDF Joint Venture Sets Foundation for Relaunch of Italian Nuclear Power Program

BANGALORE, INDIA--August 6, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Italian electricity company Enel SpA (BIT:ENEL) (Rome) and French electricity generator and distributor Electricite de France SA (EPA:EDF) (EDF) (Paris) recently announced the formation of Sviluppo Nucleare Italia Srl (Rome), a 50:50 joint venture company that will conduct feasibility studies for setting up at least four advanced third-generation European Pressurized Reactors (EPR) in Italy as agreed by the two companies during the Franco-Italian summit held in Rome in February 2009. Upon completion of the studies, investment decisions will be made, followed by the selection of appropriate companies to build, own and operate the plants. The formation of the joint venture marks the first significant step towards the development of nuclear power in Italy in the 20 years since being banned by a public referendum following the Chernobyl accident.

Other companies featured: Endesa SA (MCE:ELE), BP plc (NYSE:BP)

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Industry Segment: Power
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