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EDF Faces $9.6 Billion Hit, Nuclear Project Delays

EDF Faces $9.6 Billion Hit, Nuclear Project Delays

power

Industry Segment: Power | Word Count: 947 Words

GALWAY, IRELAND--January 25, 2022--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--French state-owned energy major Électricité de France SA (EPA:EDF) (Paris) is facing a difficult year ahead after warning of an 8.4 billion euro (US$9.6 billion) financial blow from government price caps, growing safety concerns at older nuclear reactors and additional delays and rising costs at its newest nuclear power project.

Within this article: Details increased financial pressure on French energy major EDF, safety concerns at old nuclear plants and further delays and rising costs to new Flamanville 3 nuclear project

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