France’s Flamanville nuclear financial catastrophe gets worse

Le Monde 22nd Nov 2019, Jean-Martin Folz’s report on the construction of the Flamanville EPR, handed out on October 28 , is without appeal for the French nuclear power industry. The financial catastrophe continues to worsen. The project is currently 10 years late and 9 billion euros over budget. He helped engulf Areva, flagship of the French nuclear industry, declared bankrupt in 2016, which owed its salvation to a bailout on public funds of 4.5 billion euros.
It now weighs on the accounts of EDF, a new prime contractor since the
wreck of Areva, which no longer hopes to connect the reactor to the network
before 2022.

November 25, 2019 - Posted by Christina Macpherson | business and costs, France, politics