Financial Times FT.com

France’s RTE to boost grid investment

By Peggy Hollinger in Paris

Published: December 10 2008 16:59 | Last updated: December 10 2008 16:59

RTE of France, operator of Europe’s biggest power network, is set to boost investment in its 100,000km electricity grid by 20 per cent next year to accompany the government’s fightback against the economic slowdown.

Dominique Maillard, RTE chief executive said the company aimed to invest €15bn ($19.5bn) up to 2020, with next year seeing a sharp rise from €860m to more than €1bn.

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