France’s first 6 EPR2 nuclear reactors will cost much more than the planned 52 billion euros
Why the first six EPR2s will cost much more than the 52 billion euros
initially planned by EDF. During a hearing in the Senate, the executive
director of EDF’s new nuclear projects, Xavier Ursat, indicated that the
first six EPR2s will cost more than the 52 billion euros announced in 2021.
A first slippage in costs including the new estimate is promised for the
end of 2024.
Why the first six EPR2s will cost much more than the 52
billion euros initially planned by EDF. EDF does not brag about it. But in
the Senate commission of inquiry into the price of electricity, Xavier
Ursat, its executive director in charge of the engineering department and
new nuclear projects, was obliged to talk about it.
As predicted by an expert report in 2021, the construction of the first six EPR2s will indeed
cost more than the 51.7 billion euros, rounded to 52 billion by the State,
calculated by EDF at the time Emmanuel Macron had to decide on the relaunch
of a new nuclear program in France. A relaunch confirmed in his speech on
Belfort’s energy strategy on February 10, 2022. “We are carrying out a
new economic assessment. It led to a figure higher than 52 billion,”
Xavier Ursat declared to the senators. Which, for him, “is not very
surprising”.
L’Usine Nouvelle 12th Feb 2024
TODAY. A new Waterloo defeat for France – a nuclear economic one.
Almost 200 years before Electricite de France (EDF) signed a nuclear contract with Britain, France got decisively beaten by England, in the battle of Waterloo. That defeat ended France’s attempts to dominate Europe.
Now in 2024, France is suffering a humiliating blow, because of that 2016 contract. In essence, EDF agreed to be solely responsible for cost overruns during construction of Britain’s Hinkley Point C nuclear power station.
To make matters worse, in 2022, the debt-laden EDF was fully nationalised by the French government, – which paid 9.7 billion euros to take on this burden. Back in 2016, the plant was meant to cost £18bn; it’s now headed to cost. £46bn .
Sacre bleu indeed!
France’s President Macron aims to make the nation the dominating nuclear industry power. Delusions of grandeur indeed. Apart from his grandiose plans for new fleets of big and little reactors, - around his neck is – as The Guardian puts it – a financial albatross that has only become heavier.
1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
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