EDF Unveils Plan to Improve Nuclear-Sector Standards

Date : 12/13/2019 @ 10:39AM
Source : Dow Jones News
Stock : Electricite de France (EDF)
Quote : 11.295  -0.105 (-0.92%) @ 4:39PM

EDF Unveils Plan to Improve Nuclear-Sector Standards

Electricite de France (EU:EDF)
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   By Giulia Petroni 
 

Electricite de France SA (EDF.FR) on Friday presented a plan to improve the standards of the French nuclear-industrial sector.

The state-controlled French utility said the plan, called "Excell," will be initiated in 2020 and have a budget of 100 million euros ($111.3 million) for the 2020-21 period.

EDF will appoint a senior officer, who will report directly to EDF's Chairman and Chief Executive Jean-Bernard Levy, to oversee manufacturing standards, training and qualification.

Excell comes at a time when EDF has been dealing with a series of shortcomings at the Flamanville nuclear power plant. In October, Jean-Martin Folz released an audit report, saying the construction of a third-generation European Pressurized Water reactor in Flamville should be considered "a failure of EDF."

"The excell plan is expected to lay the groundwork for a renewal of confidence in France's nuclear industry, as well as to address the challenges described in Jean-Martin Folz's report," said Mr. Levy.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

December 13, 2019 05:24 ET (10:24 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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