France to build 6 new nuclear reactors in coming decades, says President Macron
India Today
French President Emmanuel Macron said on Thursday that the country will build at least six nuclear reactors in a bid to achieve carbon neutrality by 2050.
France will build at least six new nuclear reactors in the decades to come, President Emmanuel Macron said on Thursday, placing nuclear power at the heart of his country's drive for carbon neutrality by 2050.
Macron said the new plants would be built and operated by state-controlled energy provider EDF (EDF.PA) and that tens of billions of euros in public financing would be mobilized to finance the projects and safeguard EDF's finances.
"What our country needs, and the conditions are there, is the rebirth of France's nuclear industry," Macron said, unveiling his new nuclear strategy in the eastern industrial town of Belfort.
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Promising to accelerate the development of solar and offshore wind power in France, Macron also announced he wanted to extend the lifespan of older nuclear plants to 50 years or more from 40 years currently, provided it was safe.
The announcement comes at a difficult time for debt-laden EDF, which is facing delays and budget over-runs on new nuclear plants in France and Britain, and corrosion problems in some of its ageing reactors.
The nuclear blueprint cements France's commitment to nuclear power, a mainstay of the country's postwar industrial prowess but whose future was uncertain after Macron and his predecessor had promised to reduce its weight in the country's energy mix.
