[machine translation] Nuclear: these projects which threaten EDF. EDF must renovate its aging plants, rush to the aid of Areva, and finally build two EPRs in Britain. All this weighs on prices. But another cloud will soon seal a little EDF accounts: the dismantling of nuclear power plants. Cheap electricity in France is already the past! In the coming years, EDF will have to increase these prices by 30 to 50% to meet the enormous challenges: 1.The company shall primarily finance the renovation of existing nuclear fleet. A slate estimated at € 55 billion. 2. It will participate in Areva bailout having acquired its capital, ie € 2.7 billion. 3.Finally two EPR construction (European Pressurized Reactor) is announced in Britain. A bill estimated at € 18 billion. And it will add the dismantling of nuclear power park will also weigh heavily on the accounts. The problem is that no one can reasonably quantify the cost of such future projects. Cigéo was initially estimated at € 15 billion. It is now estimated at 32! Since 2006, EDF is supposed provision of money to anticipate these expenses, but more control bodies, including the Court of Auditors, believe that these provisions are undervalued. And according to Yves Marignac, director of the NGO antinuclear Wise. When will dismantle fifty eight reactors currently in service if the cost of these projects was undervalued, will come a day when EDF can no longer cope. then we will be in a scenario where the liabilities will be taken over by the state, while assets should be privatized to generate cash. The industrial and financial wall dismantling endangers the very survival of the company. Meanwhile, addition, we are already paying. The government slows the increases requested by EDF for they are politically risky. But even in small doses, they will eventually prevail, and our bill explode
France Culture 5th Feb 2016 read more »
[machine translation] Areva could leave the Hinkley Point project – EDF/ Areva insisted that the capital increase to be “significant”, facing financing needs until valued at 7 billion euros in 2017 and partially covered by disposals. Areva announced Wednesday that the French State, its principal shareholder, would participate in a capital increase of € 5 billion as part of the restructuring of the nuclear group in difficulty, “intended to restore the balance sheet position of the group.”
Canal Togo 5th Feb 2016 read more »