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ENERGY

Seven old reactors set to be mothballed

Germany’s seven oldest atomic reactors are likely to be switched off permanently after federal Environment Minister Norbert Röttgen struck an agreement with state counterparts on a final shutdown.

Seven old reactors set to be mothballed
Photo: DPA

Röttgen and his colleagues agreed on Friday that the reactors, which were temporarily powered down following Japan’s Fukushima disaster, should not ever be switched back on.

While the agreement will carry considerable weight amid Germany’s effort to step back from nuclear power, Chancellor Angela Merkel’s federal government will make the final decision in June.

Röttgen said the ministers had been united in calling for Germany to exit nuclear power as quickly as possible.

“Agreement rules when it comes to this goal,” he said.

Germany has a total of 17 nuclear reactors but eight are off the grid. In addition to the seven oldest closed by the government, the Kruemmel plant, in northern Germany, has been mothballed for years because of technical problems.

Saxony-Anhalt Environment Minister Onko Aeikens said: “The states call on the federal government, in light of the reports from the reactor safety and ethics commissions, to enact legislation so that those nuclear reactors affected by the temporary moratorium can be permanently and legally removed from the grid.”

Germans have long been uneasy about nuclear safety and Merkel called for a rethink of her government’s energy policy after the Japanese earthquake, vowing to close all nuclear plants as soon as possible.

She wants to build new conventional power plants and speed up development of renewable energy sources, such as wind power, instead.

The federal government will make its plans known by mid-June after reviewing reports it commissioned from the reactor safety agency and from a commission on ethics, specially set up for the purpose.

The state ministers, including both Merkel loyalists and opposition supporters, also urged Berlin to propose “an ambitious and realistic plan” for renouncing nuclear power altogether but they did not suggest a date.

Merkel recently suggested that 2022 was “a good time” for Germany to end nuclear power, backing a proposal by the Bavarian wing of her party.

The announcement came as a Federal Environment Agency (UBA) report revealed that a rapid phase-out of nuclear energy would have only a modest impact on Germany’s economy.

Daily Frankfurter Rundschau reported on Friday that an assessment by the agency found that if all nuclear power plants were shut down by 2017, electricity prices would increase by just 0.6 to 0.8 cents per kilowatt hour and there would be “no significant loss” in economic growth.

A shut-down would “have substantial benefits and outweigh the modest increases in electricity prices,” the report said.

The report also said the withdrawal could be achieved without the risk of electricity blackouts because “sufficient surplus reserve capacity” exists.

It added that new power plants would need to be built to support the withdrawal but that Germany could rely on the rapid development of renewable energy sources as well as ultra-efficient natural gas-fired power plants.

The study was prepared as background information following the earthquake and nuclear disaster in Japan, but has not been officially published, the Frankfurter Rundschau reported.

DAPD/The Local/AFP/djw/mdm

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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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