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When an EDF executive breaks the silence on the Arabelle file

2024-03-27T18:17:01.780Z

Highlights: The takeover of GE's nuclear branch by EDF is at a standstill. “It’s a state-to-state question,” said an executive from the group. EDF maintains absolute discretion, fearing to offend the American authorities (Ofac) who are blocking the file. It is no longer a question of financial negotiation between GE and EDF, but rather geopolitics between the United States, France and Russia. "We remain confident. We do not control the calendar,” he added.


STORY - The takeover of GE's nuclear branch by EDF is at a standstill. “It’s a state-to-state question,” said an executive from the group.


It's a never-ending soap opera.

On December 1, EDF's takeover of GE Steam, the nuclear branch of the American giant General Electric, was to be completed.

A ceremony was planned to celebrate the event.

Before being canceled at the last minute.

Nothing since, to the great despair of the employees of Belfort where the factory is located.

The takeover of the Arabelle turbines, which were first those of Alstom before passing under the star-spangled banner, is at a standstill.

EDF maintains absolute discretion, fearing to offend the American authorities (Ofac) who are blocking the file.

Until this Wednesday.

It’s a State-to-State question

,” said Robert Poggi, director of regional action for the EDF group in Burgundy-Franche-Comté, at a press conference.

It is no longer a question of financial negotiation between GE and EDF, but rather geopolitics between the United States, France and Russia.

»

We remain confident.

We do not control the calendar

,”

he added.

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Source: lefigaro

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