Power Markets
Fontana, EDF: New investment must be focused on the domestic nuclear fleet
The new boss of the state-owned energy company EDF has said that investment must be prioritized to maintain France's nuclear fleet. He also stated his intention to increase nuclear production from 360 terawatt hour (TWh), which is what it is now, to 400 TWh per year by 2030. Bernard Fontana Nominated Chief Executive Officer In March, President Emmanuel Macron’s government lost patience after Luc Remont's former chief Luc Remont and his team disagreed over the best way to simultaneously provide cheap energy and build new capital intensive reactors. Fontana's priority will be to strike new deals with EDF’s largest industrial...