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first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg News:As they consider sending in robots to access hard-to-get-to areas between two containment walls, for Électricité de France (EDF) it’s just the latest setback in a project that’s running a decade late and almost four times over budget.“We hear every year that there’s a new problem,” Finance Minister Bruno Le Maire said on Monday. “It is not acceptable that one of the most prestigious and strategic sectors for our country is facing so many difficulties.”The Flamanville plant is now slated to be completed in 2022 at a price tag of 12.4 billion euros ($13.8 billion), with the latest glitch costing a whopping 1.5 billion euros. Bemoaning the loss of France’s edge in the sector because of a 15-year gap between the start of construction at the plant and that of the previous reactor, Le Maire has given EDF a month to come up with an action plan to restore the industry’s know-how before the country can determine whether it will build any new atomic plants.For the world’s largest nuclear power producer, Flamanville is just one of many challenges. Across the channel, delays at two U.K. reactors have upped the cost to as much as 22.5 billion pounds ($28.9 billion), 2.9 billion pounds more than previously estimated. EDF also faces mounting costs of maintaining 58 domestic nuclear plants that provide more than 70% of France’s power. Add to the mix the fact that the former electricity monopoly is losing market share among French corporate and residential clients as rivals buy a part of the electricity it generates at below-market prices, and it’s easy to see why investors are bearish about the company. EDF’s stock has lost 34% this year, making it the second worst-performing utility in the Stoxx 600 Utilities Index of European companies.More: World’s Largest Nuclear Power Producer Confronts Serial Glitches French project showcases nuclear industry’s mounting problemslast_img read more

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