nuclear-news

“A question arises in terms of nuclear power – should EDF give up its international ambitions?”

The Court of Auditors is concerned about the electricity company’s ability to support the French fleet renewal program, while it finds itself financially exposed in the costly British projects of Hinkley Point and Sizewell, notes Jean-Michel Bezat, journalist at “Le Monde”, in his column.

  Heavily indebted, the company has not yet finished
with its difficulties across the Channel, the Court of Auditors recalled in
a report published on Tuesday, January 14: “The EPR sector: new dynamics,
persistent risks”. The commissioning of the British plant is already five
years behind schedule. The additional cost has reached around 12 billion
euros since 2019, while the departure of the Chinese group CGN, linked to
tensions between London and Beijing, is creating a “worrying financing
constraint” . EDF has had to depreciate 11 billion euros of assets, and the
very profitability of the project is at stake.

 Le Monde 20th Jan 2025 https://www.lemonde.fr/idees/article/2025/01/20/une-question-s-impose-en-matiere-de-nucleaire-edf-doit-il-renoncer-a-ses-ambitions-internationales_6506629_3232.html

January 23, 2025 - Posted by Christina Macpherson | business and costs, France