Nationalization of EDF: For “the cheapest possible electricity”, we know when the State will be the sole shareholder of the company

The State will be the sole shareholder of EDF within a few days, announces Bruno Le Maire.

“The State has taken over 98% control of EDF and on June 8, the State will have 100% control of EDF”said the Minister the Minister of Finance on RTL.

“This will allow us to carry out the construction program for six new EPRs in the best possible conditions.“, he added on Tuesday. “It strengthens the country’s energy independence and also allows us to set clear requirements for EDF to increase its electricity production.”

Bruno Le Maire is also aiming “cheapest possible electricity with price visibility”.

Announced last July, the renationalisation, for an amount of around 9.7 billion euros, should allow the government to more freely steer the vast project of renewing the French nuclear fleet announced a year ago by Emmanuel Macron.

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