December 15, 2017 / 12:53 PM / in a year

MEDIA-EDF says no new nuclear reactors in France without state support-Ouest France

** French state-controlled utility EDF’s CEO Jean-Bernard Levy tells Ouest France daily that EDF can no longer build new nuclear reactors in France without state support.

** Asked when EDF could build new reactors at home, Levy says “Henceforth, we cannot build new reactors without adequate regulation providing guaranteed income”. He said that Flamanville was launched at a time of high power prices and that now all power sources, nuclear as well as renewable, need to get the same visibility on sales prices.

** For its project to build two EPRs in Hinkley Point, Britain, EDF has obtained an EU-approved state-guaranteed price of 92.5 pounds per megawatt-hour over 35 years, which is way above current market prices.

** The centrist government of French President Emmanuel Macron is not talking about building new nuclear reactors, but about closing old reactors in order to reduce the share of nuclear energy in French power generation to 50 percent by around 2035 from 75 percent today.

** Asked when the first Areva-designed EPR reactor could start up, Levy said “that should be in a few weeks in China. The start-up will be gradual, to make sure everything works well.

** Levy said EDF expects to get approval to charge nuclear fuel in its Flamanville reactor at the end of 2018. He said that once operational, Flamanville will be a good showcase to sell nuclear reactors in Asia.

Note: Reuters has not verified this story and does not vouch for its accuracy

Reporting by Geert de Clercq, Editing Dominique Vidalon

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