"France's nuclear power program has cost some FF 400 billion in 1993 currency, excluding interest during construction. Half of this was self-financed by Electricité de France, 8% (FF 32 billion) was invested by the state but discounted in 1981, and 42% (FF 168 billion) was financed by commercial loans. In 1988 medium and long-term debt amounted to FF 233 billion, or 1.8 times EdF's sales revenue. However, by the end of 1998 EdF had reduced this to FF 122 billion, about two thirds of sales revenue (FF 185 billion) and less than three times annual cash flow. Net interest charges had dropped to FF 7.7 billion (4.16% of sales) by 1998.
In 2006 EdF sales revenue was EUR 58.9 billion and debt had fallen to EUR 14.9 billion - 25% of this.
The cost of nuclear-generated electricity fell by 7% from 1998 to 2001 and is now about EUR 3 cents/kWh, which is very competitive in Europe. The back-end costs (reprocessing, wastes disposal, etc) are fairly small when compared to the total kWh cost, typically about 5%.
From being a net electricity importer through most of the 1970s, France now has steadily growing net exports of electricity, and is the world's largest net electricity exporter, with electricity being France's fourth largest export. (Next door is Italy, without any operating nuclear power plants. It is Europe's largest importer of electricity, most coming ultimately from France.) The UK has also become a major customer for French electricity."
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timeasmymeasure
no subject
Date: 2008-07-21 01:02 am (UTC)"France's nuclear power program has cost some FF 400 billion in 1993 currency, excluding interest during construction. Half of this was self-financed by Electricité de France, 8% (FF 32 billion) was invested by the state but discounted in 1981, and 42% (FF 168 billion) was financed by commercial loans. In 1988 medium and long-term debt amounted to FF 233 billion, or 1.8 times EdF's sales revenue. However, by the end of 1998 EdF had reduced this to FF 122 billion, about two thirds of sales revenue (FF 185 billion) and less than three times annual cash flow. Net interest charges had dropped to FF 7.7 billion (4.16% of sales) by 1998.
In 2006 EdF sales revenue was EUR 58.9 billion and debt had fallen to EUR 14.9 billion - 25% of this.
The cost of nuclear-generated electricity fell by 7% from 1998 to 2001 and is now about EUR 3 cents/kWh, which is very competitive in Europe. The back-end costs (reprocessing, wastes disposal, etc) are fairly small when compared to the total kWh cost, typically about 5%.
From being a net electricity importer through most of the 1970s, France now has steadily growing net exports of electricity, and is the world's largest net electricity exporter, with electricity being France's fourth largest export. (Next door is Italy, without any operating nuclear power plants. It is Europe's largest importer of electricity, most coming ultimately from France.) The UK has also become a major customer for French electricity."