EDF CEO Jean-Bernard Levy has been given a month to offer proposals on tackling construction hold-ups and cost overruns that have plagued the Flamanville 3 nuclear project. Reporting by Bate Felix and Sarah White; Writing by Matthieu Protard; Editing by Mark Potter Finance Minister Bruno Le Maire said the "nuclear sector has to get back on track. It’s a question of energy sovereignty". Flamanville is more than 10 years behind schedule, and costs have spiralled to €12.4bn ($10.7bn) from a planned €1.5bn in 2006, casting a pall over the French nuclear industry. The European Commission will also be looking at whether France should pay for its share of decommissioning costs, which are estimated by some experts at around €20bn.
EDF CEO Jean-Bernard Levy has been given a month to offer proposals on tackling construction hold-ups and cost overruns that have plagued the Flamanville 3 nuclear project. Finance Minister Bruno Le Maire said the "nuclear sector has to get back on track. It’s a question of energy sovereignty". Flamanville is more than 10 years behind schedule, and costs have spiralled to €12.4bn ($10.7bn) from a planned €1.5bn in 2006, casting a pall over the French nuclear industry. The European Commission will also be looking at whether France should pay for its share of decommissioning costs, which are estimated by some experts at around €20bn.