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ENERGY

Commission sees nuclear exit within decade

Germany's energy ethics commission is to recommend a complete phaseout of nuclear power by 2021. The independent body’s report is due to be submitted to Chancellor Angela Merkel this weekend.

Commission sees nuclear exit within decade
Image Source: DPA

The commission, which was established to report on the future of nuclear power, is holding its final meeting this Saturday in Berlin and could still alter the final report. The draft report, which news agency DPA has seen, states: “The ethics commission is of the firm belief that an exit can be completed within a decade.”

The findings are to be submitted to Chancellor Merkel on Saturday evening or Sunday, ahead of a meeting of the coalition of her conservative Christian Democrats (CDU), their Bavarian allies the Christian Social Union (CSU) and the pro-business Free Democrats (FDP) on Sunday evening. The government will then decide on a final date for the country’s nuclear exit, which has been brought forward in the aftermath of the nuclear accident at Fukushima in Japan.

The report states that the disaster in Japan had “made the risks of nuclear energy much clearer to many people in Germany.”

In March, Merkel reversed a 2010 decision to extend the lifespan of the country’s nuclear power plants. She also ordered the temporary closure of the country’s seven oldest reactors. Her U-turn on nuclear policy followed a string of regional election upsets which have seen support wane for the government parties as voters turned to the Greens, a party that has consistently opposed nuclear energy.

On Friday, Germany’s state environment ministers jointly called for the seven oldest plants to be shut down permanently. The 16 ministers also demanded “the legally earliest possible exit from nuclear energy” while raising the mix of power from renewable energy to 40 percent by at least 2020.

While the government makes its deliberations this weekend, many Germans are taking to the streets to keep up the pressure for a rapid exit from nuclear power. Tens of thousands of anti-nuclear demonstrators are expected to attend marches in 20 cities, with organizers estimating at least 30,000 will attend the rally in Berlin alone.

The Local/DPA/smd

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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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