EDF: adjusts forecasts for Flamanville EPR

(CercleFinance.com) - EDF announces that, in view of its strategy to upgrade the main secondary system penetration welds, its Board of Directors has approved the continuation of the Flamanville EPR project.

For this, it has had to adjust the schedule and estimated cost of construction.

The estimated timetable for implementing the preferred weld recovery scenario leads to a fuel loading date of 2022, while re-estimating the construction cost at 12.4 billion euros, i.e. 1.5 billion euros higher.

In addition, due to postponement of the date of fuel loading, no revenue that should have been deducted from net investments will be generated by the plant during test phase in 2020. EDF has therefore adjusted its net total investment target to around 15.5 billion euros for 2020, instead of the initial target of around 15 billion euros.


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