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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