Overview
- Luc Rémont was abruptly dismissed as EDF CEO on March 21, 2025, and replaced by Bernard Fontana, a nuclear industry veteran from EDF subsidiaries Framatome and Arabelle Solutions.
- EDF is tasked with building six EPR2 nuclear reactors, with estimated costs rising from €67.4 billion to potentially €100 billion, raising concerns about financial feasibility.
- The French government, EDF's sole shareholder, demands accelerated timelines, cost reductions, and a detailed project plan by the end of 2025 to secure political and financial stability.
- The French Court of Auditors has criticized EDF's ability to manage large-scale nuclear projects, citing past failures like the Flamanville reactor's delays and cost overruns.
- EDF aims to finalize the investment decision for the reactors by late 2026, ahead of the 2027 presidential election, while maintaining workforce expertise across ongoing projects.