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Belgium has agreed a deal with French energy firm Engie on extending the life of two nuclear reactors for a decade, the two sides said on Monday.
France's Engie warned on Tuesday of an earnings hit from European Union approved windfall levies and larger-than-expected provisions for dismantling Belgian nuclear plants, sending the energy company's shares sharply lower. Engie forecast the impact on its group EBITDA from windfall levies in France, Belgium and Italy would be as high as 0.9 billion euros ($957 million)in 2022 and up to 1.5 billion euros in 2023, mostly relating to nuclear operations. "Engie retains the possibility of contesting taxes that, in its view, do not comply with the legal framework and introduce unjustified discrimination between operators or energy sources, in particular in Belgium and Italy," it said in a statement.