France not ready to invest in EV project
"At this stage, public money would not be protected," the spokesman for the fund, set up to help struggling businesses hit by the crisis, told Reuters.
It agreed in March to invest in niche car and equipment maker Heuliez, which builds the Tigra for General Motors unit Opel and is counting on a push toward electric vehicles for its future.
The spokesman said BKC had not given sufficient guarantees on the capital it would supply for the project and said a shareholders' meeting scheduled to launch the project could be canceled.
BKC president Louis Petiet was not immediately available for comment.
The FSI had planned to invest 10 million euros (US$14.9 million) in Heuliez's electric vehicle, alongside the region of Poitou-Charentes where the company is based which is set to invest 5 million.
BKC, the only interested candidate, was chosen in July to take over Heuliez.
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Why Is Central Asia Suffering From Severe Electricity Shortages?
LONDON - Central Asians from western Kazakhstan to southern Tajikistan are suffering from power and energy shortages that have caused hardship and emergency situations affecting the lives of millions of people.
On October 14, several units at three power plants in northeastern Kazakhstan were shut down in an emergency that resulted in a loss of more than 1,000 megawatts (MW) of electricity.
It serves as an example of the kind of power failures that plague the region 30 years after the Central Asian countries gained independence and despite hundreds of millions of dollars being invested in energy infrastructure and power grids.
Some of…
