Talks with the European Commission on restructuring EDF are not stuck and the French firm remains on track to start operating its next-generation nuclear reactor at Flamanville next year, its CEO said on Saturday. France hopes to place state-run EDF’s debt-laden and capital hungry nuclear business in a holding company that would be fully state owned. It would control a separate entity housing the more lucrative parts of the business and free of its liabilities. With more nuclear reactors than any country other than the United States, France is keen to ensure a profitable EDF has the money it needs to replace ageing reactors, develop new technology and compete globally.
Reuters 10th April 2021 read more »