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France: New EDF CEO Faces Identical Headwinds

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Framatome,Bernard,Fontana
Framatome

Bernard Fontana, the newly approved CEO of state-owned French nuclear giant EDF, indicated his willingness this week to find compromises with electro-intensive French industry on selling the output of EDF's domestic nuclear fleet, but remained tight-lipped on pricing. Fontana has the support of the Elysee Palace and was confirmed by the parliament this week, but still faces the daunting task of maintaining EDF’s profitability and ensuring affordable electricity for French consumers, even as EDF plans to build six new EPR2 reactors at an estimated cost of €100 billion in 2025 euros ($113 billion), including financing costs.

Topics:
Nuclear, Nuclear Newbuilds
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