Greenpeace France’s reaction to the announcement of EDF’s annual results. The figures presented by EDF this morning confirmed the obvious: 2017 was a dark year for the company. Jean-Bernard Levy hammered that 2018 will be the year of the “rebound”, we can bet that as in 2016 and 2017, its forecasts will be regularly revised downward. 2018 will only confirm the financial difficulties observed for several years. The few “positive” points (lower debt, less negative cash flow) put forward by the management are actually the result of the exceptional sale of family jewels and the massive support of its majority shareholder, the State. EDF will not be able to do this every year and the evolution of its results will not allow it to meet its commitments such as the development of renewable energies, the major refit of the reactors or the construction of the two reactors at Hinkley Point.
GP France 16th Feb 2018 read more »
Tomorrow, Jean-Bernard Levy will present the annual accounts of EDF for the year 2017. Tomorrow, as in previous years, the CEO will try to camouflage the catastrophic record of his company with reassuring words.
GP France 15th Feb 2018 read more »
EDF’s nuclear output targets for its French nuclear fleet for 2018 and 2019 are taking into account various uncertainties, the operator said late Friday following its annual results presentation. For 2018, EDF forecasts a rebound to 395 TWh after last year’s output fell to its lowest level since 1992 at 379 TWh. For 2019, the operator warned of a decline in output mainly attributing this to the closure of the two reactors at Fessenheim by end-2018 ahead of the ramp-up of its new Flamanville-3 reactor which will only reach full production toward the end of 2019, it said. In addition, planned extended reactor overhauls in 2019 will add to the as yet unspecified “assumption of decline in output” with seven 10-year inspections including two “first of a kind” inspections, it said in slides for an investor presentation Friday with 7 GW of capacity impacted by this in 2019 compared to just 5 GW in 2017 and 2018.
Platts 19th Feb 2018 read more »
In “Nuclear, immediate danger”, the journalists Thierry Gadault and Hugues Demeude alert on the risk of a serious accident in France. The facts advanced are refuted by EDF.
Liberation 18th Feb 2018 read more »