Last 24 hours have ‘killed’ French nuclear – analyst via Reuters

MILAN/PARIS, Dec 4 (Reuters) – French power group EDF received a new blow on Tuesday when Italy’s biggest utility Enel announced its has pulled out from a project to build a next-generation nuclear reactor in northern France.

The French state-owned utility said earlier this week stricter regulation in the wake of Japan’s Fukushima disaster has forced it to revise up the construction cost of its European Pressurized Reactor built in Flamanville, northern France, to 8.5 billion euros ($11.12 billion).
“In a way, the last 24 hours have killed French nuclear finally because the cost makes it totally impossible to export and now you have one of the few partners actively withdrawing; it looks really bad,” said UBS analyst Per Lekander.

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