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Yingli Green Energy Holding Co. Ltd. Message Board

  • geo65sco geo65sco Jan 3, 2013 11:53 AM Flag

    France Faces €50 Billion Grid Upgrade Bill

    France Faces €50 Billion Grid Upgrade Bill

    GALWAY, IRELAND--November 30, 2012 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) France could be faced with a bill as high as €50 billion ($65 billion) to upgrade its electricity grid if the current socialist government goes ahead with plans to shut down older nuclear power stations.

    According to the 10-year draft plan submitted by the French network transmission operator, Reseau de Transport d'Electricite (RTE), it already expects to spend around €15 billion ($19.4 billion) by 2020 to upgrade the existing electricity grid to cope a growing amount of renewable energy

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