GDF Suez Would Review Belgian Investments If Nuclear Tax Approved

GDF Suez Would Review Belgian Investments If Nuclear Tax Approved
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Τετ, 19 Οκτωβρίου 2011 - 18:22
French power company GDF Suez SA (GSZ.FR) said it would reconsider planned investments to extend the life of some of its nuclear reactors in Belgium if the government approved a tax increase on the nuclear generation industry.
French power company GDF Suez SA (GSZ.FR) said it would reconsider planned investments to extend the life of some of its nuclear reactors in Belgium if the government approved a tax increase on the nuclear generation industry.

If the Belgian government changes the conditions under which it operates, GDF Suez would revise its investment policy, the company said in a statement.

GDF Suez would among other things reconsider the extension of three of the nuclear plants it runs in
Belgium , given the large investment required, the statement said.

A Belgian newspaper had reported earlier this week that the government was planning to increase taxes on nuclear generation to reduce its budget deficit in 2012. The government project would mean an additional levy of EUR1 billion on GDF Suez.

The company also said it would challenge the tax increase with all legal means.

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