EDF announced Friday an "action plan" with a bailout from the State to strengthen its finances as the year 2022 promises to be difficult with problems in nuclear production and government measures to limit rising bills of electricity.
The group, nearly 84% owned by the state, saw its net profit multiplied by 8 last year to 5.1 billion euros, benefiting in particular from good nuclear production in France.
But “we have been encountering difficulties since the start of 2022”, which will require “an action plan”, CEO Jean-Bernard Lévy told journalists.
EDF will indeed suffer this year from nuclear production at half mast, with in particular corrosion problems on several reactors, and government measures to limit the rise in electricity bills.
The State will contribute up to 2.1 billion
EDF has therefore unveiled a capital increase project of approximately 2.5 billion euros.
The State will participate to the tune of 2.1 billion, said Friday morning the Minister of the Economy, Bruno Le Maire, on RTL.
Read alsoElectricity tariffs blocked, power plants shut down, EPR late… EDF in the middle of a quagmire
Finally, EDF announces disposals of approximately 3 billion euros in total over the years 2022-2023-2024.
With a net debt of 43 billion euros at the end of last year, the group must face significant investments.
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