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Company warns of €24bn hit to full-year core profits from output problems
Utility sees Covid as ‘force majeure’ event that should allow contract trigger dates to be pushed back
Plus, the French government’s power play and Twitter’s early win in its legal battle with Elon Musk
Government to offer €12 per share to investors to take full control of power group
French supplier of nuclear energy is struggling with plant shutdowns, build problems and skills shortages
Tender offer emerges as preferred option as government seeks to take full ownership of power group
Nuclear investments have saddled power company with debt
Ministers and EDF are finalising terms to ensure West Burton A power station can be used until March
Corrosion in ageing reactors hits output just as president revives atomic energy programme
Nuclear power plant now expected to total £25bn-£26bn with further delays anticipated
Plus, fuel prices go haywire
French energy group sharply raises impact forecast as it gears up for new nuclear buildout
Sale of leases comes as Biden administration targets 30 gigawatts of wind power in US waters by 2030
State-controlled company plans €2.5bn rights issue to redress finances
Macron appears particularly keen on wielding the energy group’s resources for political effect
Move to make power group shoulder costs of crisis prompts questions over its listed status
Covering reactor outages without financial support from the government would push the French group well into the red
Shares in state-controlled group drop 23% after Paris says it must bear costs of protecting consumers
French utility halts four reactors in latest blow to its atomic energy division
New commitments boost state-controlled utility but path ahead remains uncertain
Funding included in Budget to get project to final investment decision within three years
EDF and British government close in on deal to make China’s CGN give up 20% stake in proposed Sizewell C plant
Announcement comes after French nuclear operator EDF publicly recommended its closure last week
State-owned utility postpones overhaul aimed at giving it firepower to invest in nuclear and renewables
French nuclear operator says fuel-rod issues at China plant would lead it to close for maintenance
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