French Nuclear Giant EDF Warns of Substandard Reactor Parts
- Utility doesn’t say if reactors have to be halted for repairs
- Shares slump the most in almost two years, power prices surge
A welder working at EDF’s Hinkley Point C reactor project.
Source: EDF Energy.
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Electricite de France SA, which dominates the nation’s power production, said some of its reactors may contain substandard components. The utility’s shares tumbled.
EDF didn’t say if any of the country’s 58 reactors will have to be halted, but electricity prices surged in anticipation of shutdowns. The announcement is another blow to the nuclear industry in France, which is more dependent on atomic energy than any other nation.