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EDF: EDF shares its forecasted cost estimate of the EPR2 programme for €72.8bn
Globenewswire· 2025-12-18 14:03
Core Viewpoint - EDF has forecasted the cost estimate for its EPR2 programme at €72.8 billion, with a budget of €2.7 billion approved for 2026, reflecting a commitment to controlling schedules and costs in the nuclear sector [1][3]. Group 1: Cost and Budget - The forecasted cost estimate for the EPR2 programme is €72.8 billion, to be audited in Q1 2026 [1] - A budget of €2.7 billion has been approved for the programme in 2026 [1] Group 2: Project Timeline - The first reactor at Penly is targeted for commissioning in 2038, with subsequent reactors scheduled at intervals of 12 to 18 months [2] Group 3: Government Support and Measures - The EPR2 programme will be supported by state measures, with general principles approved in June 2025 and submitted to the European Commission for approval on November 17, 2025 [3] - A final investment decision is expected in late 2026 [3] - Key measures include a subsidised loan covering at least 50% of construction costs, a 40-year contract for difference, and risk sharing between the French State and EDF [6] Group 4: EDF Overview - EDF is a key player in the energy transition, focusing on power generation, distribution, trading, and energy services, with a significant output of 520 TWh, 94% of which is decarbonised [4] - The company aims to build a net zero energy future and serves approximately 41.5 million customers, generating consolidated sales of €118.7 billion in 2024 [4]