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The EPR, France and EDF’s nuclear nightmare

Le Monde 16th Sept 2018 , Le Monde 16th Sept 2018 [Machine Translation]
The EPR, EDF’s nightmare. The European pressurized
reactor was to be the flagship of the French nuclear industry. For the
company it is now its survival and that of a whole sector that is at
stake, while the group is heavily indebted and its income is dwindling. 74
billion of debt … and with nuclear,that  is not finished!

At the headquarters of EDF, avenue de Wagram, in Paris, the gigantic banner of
Greenpeace shows the color: we see the CEO of EDF, Jean-Bernard Lévy,
making two fingers of honor to passersby, under the mention “Thank you
Jean-Bernard”. This action of December 2016 marked a new stage in the
argument of nuclear opponents: it is not only to explain the risk of
accidents, but also the financial risk that would weigh on EDF.

NGOs are no longer alone in this field. In June, the then minister responsible for EDF
Nicolas Hulot, took up the argument. “One of the reasons why EDF finds itself
in difficulty is that the nuclear industry, sorry to say, leads us into a
drift. In a clear allusion to the expensive shipyard Flamanville (Channel),
he said: “It is clear that economically, there is a kind of golden rule
that is being established in this sector, it’s that in reality, we never
keep our promises. The minister is picking up a criticism that is becoming
more and more common: not only has nuclear become too expensive, but it
would also be a major strategic mistake for EDF.

September 18, 2018 - Posted by | business and costs, France

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