PARIS (Reuters) - French power giant EDF said on Thursday it will offer long-term nuclear power contracts to companies outside France as long as they are able to take delivery of the electricity. The
EDF Targets International Clients for Long-Term Nuclear Contracts
PARIS (Reuters) - French power giant EDF said on Thursday it will offer long-term nuclear power contracts to companies outside France as long as they are able to take delivery of the electricity.
The call for interest in the contracts, known as nuclear production allocation contracts (CAPN), comes as EDF struggles to sign long-term agreements with industrial users at home, following a sharp decline in market prices.
Contracts amounting to about 10 terawatt-hours, to be offered via auction, will be open to any European company with power needs greater than 7 gigawatt-hours per year or suppliers or producers with the ability to transmit the electricity from France, EDF said in a statement.
The contracts will be priced according to the cost of the nuclear fleet and decoupled from wholesale market prices, it added.
They are the first to be offered to non-French consumers as well as to users with significantly smaller power demands than heavy industry, EDF said.
(Reporting by Forrest Crellin; Editing by Kirsten Donovan)
