EDF Reactor Extensions May Cost $65 Billion on Safety Review
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Electricite de France SA said the cost of extending nuclear reactor lives to 60 years could reach 50 billion euros ($65 billion) as safety measures ordered by regulators force the utility to accelerate investment.
The figure is 43 percent more than an estimate of about 35 billion euros Chief Executive Officer Henri Proglio gave in 2010. Paris-based EDF, operator of the country’s 58 nuclear reactors, was ordered by the Autorite de Surete Nucleaire yesterday to spend billions of euros on improvements in a safety review following last year’s Fukushima disaster in Japan.