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Entertainment The EDF Hercules Reorganization Project will not lead to a split or privatization (CEO)

14:10  10 april  2021
14:10  10 april  2021 Source:   latribune.fr

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  Le projet Hercule de réorganisation d'EDF ne conduira pas à une scission ou à une privatisation (PDG) © supplied by the Tribune

The Project Hercules reorganization of EDF activities is not "enlisted" and does the Object of almost daily discussions between Paris and Brussels, said Jean-Bernard Lévy Saturday, the CEO of the public electrician. France has been trying for several months to finalize its negotiations with the European Commission with a view to a new regulation of the EDF nuclear park, which would increase by a rise in the selling price of its production and would be accompanied by a redesign of the group. to allow him in particular to invest more in renewable energies.

"There will necessarily be a turning point for EDF, it must be the best possible (...); it is not at all enlisted, there are almost daily conversations," said Jean-Bernard Lévy on France Inter. But, "there will be no split, there will be no privatization," he recalled.

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The Hercules project provides that EDF, today held at 84% by the State, reorganized in three entities to enable it to develop in renewable energies, while ensuring heavy investments in nuclear power. The Group and the State mainly committed this reorganization to meet the rules of competition laid down by the European Union, but the project concerns all the unions which, since November, regularly organize strike days, the last going back to Thursday .

fear of the unions

they see there a risk of dismantling a strategic business and, for some, a start of privatization.

"There will not be three EDF, there will be one EDF that will remain an integrated group, it's part of the red lines," assured Jean-Bernard Lévy. "All those who are in good faith recognize that we will stay an integrated group."

"Nothing will be privatized. On the contrary, nuclear power, which is now partially traded, and the hydraulics, which is partially traded, it is expected that it can come out of the scholarship," A-T -He pursued. The boss of EDF recalled that the group had already experienced several reorganizations, a major in the 2000s.

Jean-Bernard Lévy also repeated that the start of Flamanville's EPR nuclear reactor (Channel) was scheduled for late 2022 , although the group has no more "margins" to respect this

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