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    EDF   FR0010242511

ELECTRICITÉ DE FRANCE

(EDF)
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Real-time Euronext Paris  -  11:35 2022-12-02 am EST
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12/03Macron says "no panic" about possible French power cuts
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12/02Franco-Belgian high-voltage power link reinforced to double capacity
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12/02French industry's electricity costs to jump next year under new cap, union says
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France expects to build first new EPR2 reactor before May 2027 - ministry official

09/27/2022 | 06:03am EST
FILE PHOTO: A flag with the EDF logo flies next to the EDF power plant in Bouchain

PARIS (Reuters) - The French government expects to build its first new generation EPR2 nuclear reactor before May 2027 under new legislation it is currently working on, said a French energy ministry official.

The actual start for this new EPR2 reactor is being considered for between 2035 and 2036, the official told reporters during a press briefing by phone.

In February, President Emmanuel Macron said France will build six new next-generation EPR2 nuclear reactors and look into options to build up to eight additional reactors, as he announced his plans for the country's future energy mix.

(Reporting by Benjamin Mallet and Dominique Vidalon; Editing by Sudip Kar-Gupta)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE 0.00% 12 Real-time Quote.21.50%
ENGIE -0.22% 14.454 Real-time Quote.11.07%
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Financials
Sales 2022 90 010 M 94 380 M 94 380 M
Net income 2022 -13 602 M -14 263 M -14 263 M
Net Debt 2022 58 096 M 60 917 M 60 917 M
P/E ratio 2022 -3,64x
Yield 2022 -
Capitalization 44 829 M 47 005 M 47 005 M
EV / Sales 2022 1,14x
EV / Sales 2023 1,17x
Nbr of Employees 163 423
Free-Float 13,5%
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Mean consensus HOLD
Number of Analysts 7
Last Close Price 12,00 €
Average target price 11,34 €
Spread / Average Target -5,48%
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Managers and Directors
Luc Remont Chairman & Chief Executive Officer
Xavier Rene Louise Girre Executive Director-Finance
Claire Pédini Independent Director
Bruno Crémel Independent Director
Philippe Petitcolin Independent Director
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