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POWER: French Power Tax Could Hinder EdF Investments

POWER

The reviving of the idea of an additional tax on France’s large power plants would hit EdF’s investment plans, CEO Luc Remont said, cited by Reuters. 

  • French power producers are fearing that the new government may revive a proposal to levy taxes on large power plants.
  • Around 80% of the proposal’s funds would come from EdF power plants.
  • In addition, Luc Remont said on Wednesday EDF plans to generate an additional 150TWh of electricity demand, without giving more details. 
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The reviving of the idea of an additional tax on France’s large power plants would hit EdF’s investment plans, CEO Luc Remont said, cited by Reuters. 

  • French power producers are fearing that the new government may revive a proposal to levy taxes on large power plants.
  • Around 80% of the proposal’s funds would come from EdF power plants.
  • In addition, Luc Remont said on Wednesday EDF plans to generate an additional 150TWh of electricity demand, without giving more details.