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EDF: the exorbitant bill for a nuclear technical defect

2022-05-19T18:03:45.906Z

DECRYPTION – The electrician now figures the impact of the corrosion problem at 18.5 billion euros in 2022.



The bill flies away.

EDF reviewed during the night of Wednesday to Thursday the impact on its results of a technical defect affecting part of its nuclear fleet,

"corrosion under stress".

A problem which has to date caused the shutdown of 12 out of 56 reactors. Ebitda (gross operating surplus) will be reduced by 18.5 billion euros in 2022, against 14 billion previously estimated.

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A colossal amount, equivalent to the EBITDA achieved by the group in 2021. This financial loss is firstly due to the downward revision of electricity production of nuclear origin for this year, now between 280 and 300 terawatt hours ( TWh).

That is a quarter of production less than in normal times.

No new stops

The financial loss is all the more abysmal for the electrician since he traditionally sells all his nuclear production in advance.

Concretely, he had sold all the electricity he intended to produce in 2022 at the end of 2021 before discovering his first cases of stress corrosion, mid-December…

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Source: lefigaro

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