Engie Delays Restart Date of Two Nuclear Units, Confirms 2018 Targets
September 21 2018 - 9:59AM
Dow Jones News
By Alberto Delclaux
Engie SA (ENGI.FR) said Friday that it is delaying the restart
of two nuclear units in Belgium at the cost of a 250 million euro
($293.2 million) hit on Ebitda and net recurring income, while it
confirmed 2018 financial targets on good performance from other
activities.
The French energy company said the new planned restart date for
its Tihange 2 unit is June 1, 2019, from a previously planned date
of 31 Oct., 2018. For Tihange 3, it will be March 2, 2019, from a
previously planned date of Sept. 30, 2018.
"The action plan launched last June combined with the very good
performance in other businesses offset to a large extent the impact
from unplanned nuclear outages," the company said in a
statement.
Engie confirmed its 2018 targets for net recurring income--at
the low end of a EUR2.45 billion to EUR2.65 billion range--, net
debt-to-Ebitda ratio and dividend.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
September 21, 2018 09:44 ET (13:44 GMT)
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