General policy speech. Bourne confirms that the state wants to “keep 100% of EDF’s capital”.

This is an important announcement, the purpose of which is to return control of electricity production to the French state. During his general policy speech in the National Assembly, the Prime Minister confirmed that France should “to make decisions strong, radical“for”winning the battle for energy and production“. The government is therefore willingowns 100% of the capital of EDFElizabeth Bourne announced.

While the energy transition will go through the use of electrification to move away from polluting energies, the prime minister reiterated his support for nuclear power. The renationalization of the tricolor energy giant should allow the state to take back “full control of electricity generation and its performance“, while defending”sovereigntyFrom France.

Elizabeth Bourne also followed in the footsteps of her predecessors with this policy, arguing that renationalisation would allow the group to have sufficient funds “implement ambitious and important plans for our energy future“. The coming decades promise to be busy for the group as electricity production is set to increase dramatically and the construction of new reactors was approved by Emmanuel Macron in Belfort last February. “The state will assume its responsibilities to ensure EDF’s short- and medium-term financing capacity;“, the head of state assured.

The state is already the majority shareholder of EDF. according to the group’s figures, it now owns about 83.88% of the total. Individual and institutional shareholders represent an additional 15.03% and employee shareholders 1.06%. Not surprisingly, the announcement boosted the energy company’s stock, which jumped more than 5% on the Paris stock exchange. The Prime Minister’s announcement was also welcomed by the majority as well as elected representatives of the Democratic and Republican Left (GDR) group, including Fabien Roussel, the communist candidate in the previous presidential election.