French Nuclear Program Faces Mounting Financial and Operational Challenges
The Cour des Comptes warns of risks to the EPR2 reactor initiative, citing soaring costs, delays, and unresolved financing issues.
- The EPR reactor at Flamanville, originally budgeted at €3.3 billion in 2007, has now reached a total cost of €23.7 billion, according to the Cour des Comptes.
- The construction of six new EPR2 reactors, announced by President Macron in 2022, has seen projected costs rise from €51.7 billion to €67.4 billion, with potential to exceed €100 billion.
- The Cour des Comptes highlights persistent issues, including unclear financing, unresolved design details, and doubts about the program's overall profitability.
- EDF has been urged to delay final investment decisions on the EPR2 project until financing and detailed design studies are secured, currently targeted for 2026.
- Concerns over recruitment, industrial readiness, and international project risks further complicate the feasibility of the nuclear program's ambitious timeline.