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EDF sees 2017 decline in UK and French nuclear power generation

London — French state utility EDF reported a 2017 decline in nuclear power productionfrom both its French and UK nuclear fleets Friday, mainly on extended outagesand maintenance work.

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In France, EDF produced 379.1 TWh of electricity from its nuclear fleet, adecline of 3.1% or 4.9 TWh, from its 2016 output of 384 TWh, it said in itsannual results report.

The company attributed the decline to "technical unavailabilities (inparticular the extended unplanned outages at Flamanville 1 and Cattenom 1) andby the extension of outages to conduct maintenance work on several reactors." EDF also noted in the results statement that the "provisional shutdown of thefour Tricastin reactors, as requested by the [French nuclear regulator] ASN,also led to a drop in output of 6TWh over the final quarter" of 2017.

In the UK market, the company's wholly owned EDF Energy subsidiary produced63.9 TWh from its fleet of advanced gas-cooled reactors, or AGRs, and one PWR,a decline of 1.2 TWh from the 65.1 TWh of nuclear power it generated in the UKin 2016.

EDF attributed the decline to an extended planned maintenance outage at the1,250 MW Sizewell B PWR in Suffolk in eastern England and also the unusuallystrong 2016 performance of its AGR fleet, which saw very few stoppages duringthat year.

It described its 2017 performance as "in line with expectations despite thedecline in nuclear and hydropower output in France."

EDF saw 2016 hydropower output of 37.1 TWh of electricity, a decline of 5.1TWh from the 42.2 TWh that the company produced in 2016. EDF attributed thehydropower output decline to "particularly unfavorable hydrologicalconditions, 2017 being the driest year since 2011."

EDF said in the statement that it had total group sales of Eur69.63 billion(about $87 billion) in 2017, a decline of 2.2% compared with the Eur71.20billion of total group sales in 2016. The company did see an 11.3% increase inits net income in 2017 to Eur3.17 billion from Eur2.85 billion in 2016.

EDF's Chairman and CEO Jean-Bernard Levy said in the statement that the "2017results demonstrate EDF's solidity, once again profitable, in a difficultmarket context."

EDF also said that its net installed wind and solar generation capacity nowstood at 8.8 GW across the group. The company in 2017 installed an additional1.8 GW of this type of generating capacity, representing a 23% increase in itsoverall wind and solar capacity.

EDF said that it had completed Eur6.2 billion of asset disposals in 2017,adding that it had now completed 80% of its planned Eur8.1 billion assetdisposal plan for the period 2015-20.

--Oliver Adelman,

--Edited by Maurice Geller,