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    EDF raises to 18.5 billion the negative impact on its accounts due to the shutdowns of several nuclear power plants.

    May 19, 2022 - CE Noticias Financieras



      Électricité de France (EDF), a company in which the French State holds an 83.88% stake, has published updated data on the impact it will record in 2022 as a result of the different shutdowns in several nuclear power plants it had to carry out due to a corrosion problem in the pipelines.

      The French energy company has indicated that its 2022 accounts will reflect a negative impact of 18.5 billion euros. This is an increase of 4.5 billion compared to the previous estimate, published two weeks ago.

      The financial impact is due to the fact that the production of its nuclear power plants will be lower than expected due to these shutdowns. The company expects to close the year with nuclear power production between 280 and 300 terawatt hours, compared to the range of between 295 and 315 TWh it previously estimated.

      EDF currently has 12 nuclear reactors shut down for corrosion inspection work. The firm estimates that it will not need to shut down other reactors, although it is in contact with the French Nuclear Safety Authority on this matter.

      The company has stressed that it has already contacted steel manufacturers authorized to make parts for the nuclear industry. The first parts to start repairs will arrive before the summer.


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