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ENERGY

Merkel flags 15 years for nuclear extension

German Chancellor Angela Merkel said on Sunday night that the lifespan of the nation's nuclear power plants should be extended by 10 to 15 years beyond the planned phase-out starting in 2021.

Merkel flags 15 years for nuclear extension
Photo: DPA

An extension of 10 to 15 years was “technically reasonable,” the chancellor said in an interview with TV channel ARD.

Merkel’s conclusions were based on a report by experts, widely quoted by German media on Saturday, which recommended an extension of 12 to 20 years to allow “the best outcomes for climate protection and the economy”.

Centre-left Social Democratic (SPD) leader Sigmar Gabriel threatened the government with a constitutional challenge to the extension.

If the upper house, or Bundesrat, was bypassed on the issue – a tactic Merkel may need to resort to – “then we will present before the Constitutional Court,” he told broadcaster Bayerischer Rundfunk on Monday morning.

The pro-business Free Democrats general secretary Christian Lindner defended the planned extension and said he was confident his party – the junior members of the ruling coalition – would reach an agreement with the conservative CDU.

“Yes, there is a common position here,” he told broadcaster ARD.

He added the discussion was clearly moving in the direction of an extension for a “medium period” of between 10 and 20 years, though the precise period would be the subject of further debate.

The phasing out of 17 German nuclear power plants starting in 2021 had been planned by Merkel’s predecessor Gerhard Schröder.

Merkel’s government, however, pushed back the programme and had not fixed a new timetable for the phase-out.

In a statement on Friday, Merkel said renewable energies should supply half of all energy needs by 2050 and that nuclear and coal power would continue until supplies could be met entirely by clean energy.

A poll published on Friday found that 56 percent of Germans are against keeping nuclear power plants beyond 2021.

The Greens have called for an anti-nuclear demonstration to take place on Wednesday in Berlin.

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BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

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