French tax-payers up for €20bn or more per year, in mountain of costs to keep nuclear fleet going.

Investments in France’s EDF could top €20bn per year, minister says. #nuclear #nuclear-free #anti-nuclear #No#nukes

EURACTIV.com with Reuters Sep 29, 2023

 French power giant EDF’s future investments could exceed €20 billion
per year, Agnès Pannier-Runacher, the country’s energy transition
minister, said on Thursday (28 September), adding that the exact level was
the subject of discussion.

The state-owned utility is facing a mountain of
investment needs to maintain its nuclear fleet as well as build new
reactors and renewable power production. EDF CEO Luc Rémont had previously
put the investments at €25 billion. “What we are talking about … for
EDF is investments which could reach … more than €20 billion per
year,” Pannier-Runacher said at a nuclear conference organised by the
Organisation for Economic Co-operation and Development (OECD).

“There is a discussion about whether it is 20 (billion) or whether it is more,” she
added. The French government has previously announced a plan to build at
least six new model nuclear reactors, which Pannier-Runacher said would
cost about €3 billion per year in investments.

 Euractiv 29th Sept 2023  https://www.euractiv.com/section/electricity/news/investments-in-frances-edf-could-top-e20bn-per-year-minister-says/

October 4, 2023 - Posted by Christina Macpherson | business and costs, France, politics