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EDF looks towards future projects after flagging tough second half

French energy giant EDF aims to meet its schedule for future nuclear
reactor projects, its CEO said on Friday, with final tests ahead of the
start-up of its newest French reactor imminent after years of delays. The
group earlier reported a jump in first-half profit on higher electricity
production, but said regional market prices had fallen and warned core
earnings in the second half would decline year-on-year.

In Britain, EDF is continuing talks with the newly elected Labour government over its Hinkley
Point C and Sizewell C nuclear projects, Remont told reporters, adding it
is “a bit early” to give a date for a final investment decision on
Sizewell.

Reuters 26th July 2024

https://www.reuters.com/business/energy/frances-edf-logs-20-surge-first-half-profit-warns-about-price-declines-2024-07-26/

July 29, 2024 - Posted by | business and costs, France, UK

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