The second EPR reactor at China’s Taishan nuclear power plant about to enter into commercial operation

Publish on 12/09/2019

Unit 2 of the Taishan nuclear power plant will enter into commercial operation on Saturday the 7th of September 2019, following statutory functional test of continuous operation at full power for 168 hours, which started on Saturday the 30th of August at 17:15 local time. This step marks the achievement of all prerequisite conditions for the second reactor’s safe operation just nine months after Unit 1 was commissioned.

Comprising two 1750-MW EPR reactors, Taishan nuclear power plant is the biggest cooperation project to have taken place between China and France in the energy sector. Taishan’s two reactors are capable of supplying the Chinese power grid with up to 24 TWh of CO2-free electricity a year, tantamount to the annual electricity consumption of 5 million Chinese users, whilst at the same time preventing the emission of 21 million tons of CO2 a year.

The Taishan project is led by TNPJVC, a joint-venture founded by CGN (51%), EDF (30%) and the Chinese utility Guangdong Energy Group (19%). The EDF Group and its subsidiary Framatome supplied the EPR technology for the plant. The project capitalised on 35 years of strategic cooperation between EDF and CGN, as well as operating experience from the Flamanville 3 EPR and the complementarity between the French and Chinese nuclear sectors.

Experience acquired through the commissioning of the first reactor on 13 December 2018 allowed to reduce by 3 months the period between the fuel loading and the plant’s entry into commercial operation, whilst sustaining identical safety conditions. This performance demonstrates the potential to optimise future EPR construction sites. Since it was commissioned, reactor No.1 has achieved excellent operational results.

The Taishan project is providing EPR reactors around the world with its experience in project management and technological expertise. The first reactors to benefit from this experience are the two Hinkley Point C units currently being built in the UK. The two companies are also partners in the Sizewell C EPR project, as well as in the Bradwell B project which is based on Hualong technology.

Jean-Bernard Lévy, the EDF Chairman and CEO stated: “Start-up of the world’s second EPR at the Taishan site, combined with the excellent operational performances achieved at Unit 1, are testament to the quality of the reactor design and confirm the industrial feasibility of projects undergoing development. The success of the Taishan project is the result of a long and fruitful cooperation between EDF and CGN and more widely in the French and Chinese nuclear sectors. Safe and competitive, EPR technology is an increasingly important asset to make the global energy mix totally carbon free.”

Construction of the Taishan nuclear power plant: latest key milestones
10 April 2018: authorisation for fuelling of Unit 1
6 June 2018: first chain reaction in Unit 1
29 June 2018: Unit 1 connected to the grid for first time
13 December 2018: start of commercial operation of Unit 1

12 April 2019: authorisation for fuelling of Unit 2
30 May 2019: first chain reaction in Unit 2
23 June 2019: Unit 2 connected to the grid for first time
7 September 2019: start of commercial operation of Unit 2

Key figures for the Taishan Nuclear Power Plant:
2 1750-MW EPR reactors, the most powerful in the world
The plant will be able to generate up to 24TWh of electricity per year, tantamount to the power consumed by 5 million Chinese users
The plant will prevent the emission of around 21 million tonnes of CO2 per year.
More than 200 French engineers were involved throughout the project’s duration
More than 15 000 workers were mobilised during the busiest periods of the construction phase
Nearly 800 people will be required to operate both reactors
Nearly 40 French companies were involved in the construction of the reactor. Revenue generated for the French sector is estimated at around €2.4 billion.
The site covers a surface area of 400 hectares.

2019 half-year results

Publish on 06/08/2019

2019 half-year results
Confirmation of 2019 targets and 2019-2020 ambitions

Key figures of the 2019 half-year results (1)

EBITDA: €8.3bn, +0.1% org.(2)
Net income excluding non-recurring items (3): €1.4bn, -19.4%
Net income – Group share: €2.5bn, +44.7%

Electricity generation

  Nuclear France 203.7TWh, +0.5%
  Nuclear United Kingdom 24.5TWh, -18.8%
  Group Renewables 31.4TWh, -23.8%
      o/w Hydropower France: 20.1TWh, -31.6%

Strengthened financial structure

  Completion of the disposal of EDF's 25% stake in Alpiq valued at €434m
  Signing of a binding agreement to sell Edison's Exploration and Production activity for an amount up to c. US $1bn (4)
  Signing of two new bilateral sustainable revolving credit facilities for €300 million each raising the total of sustainability-linked credit facilities to over €5 billion
  Balance of the 2018 dividend: 93.7% of rights were exercised in favour of a payment in shares
  Success of the employee shareholding operation with the subscription of more than 40,000 beneficiaries

OPEX reduction in line with the trajectory: €1,072m vs. 2015

Control of net financial debt

   €37.4bn under IFRS 16 (slight decline excluding IFRS 16): net financial debt/EBITDA ratio of 2.4x (5)

Deployment of CAP 2030

Renewable energies

•  Major new developments in offshore wind energy:
- win of the Dunkirk offshore wind project (600MW)
- definitive approval by the Council of State of administrative permits for Saint-Nazaire, Fécamp and Courseulles-sur-Mer offshore wind farms projects
•  Solar
- win of the first phase of a solar project in Morocco (800MW) with an innovative hybrid solar-storage technology
- commissioning of the EDF group's first solar power plant in Mexico (119.6MWp)
- signature of four electricity sale contracts for 716MWp of solar in India (50/50 JV with Total Eren)
•  Record level of EDF Renewable’s portfolio under construction: 4GW gross capacity at the end of June 2019

Customer-focused innovation

•  Launch of the "Mes Jours Zen" offer
•  Acceleration of sales under market offers: 350,000 customers already signed up
•  Linky: 20 millionth smart meter installed
•  New concession contract model : signing (or favorable deliberation to conclude) by 103 conceding authorities with EDF and Enedis
•  Dalkia
- Signing of a multiservices contract with Safran
- New public service delegation for urban heating on Grande Île in Vaulx-en-Velin and Villeurbanne (15.5 years)
•  Launch of DREEV, a subsidiary dedicated to smart charging in Europe

International development

•  Decentralised energy: Acquisition of energy2market (e2m), a major player in energy aggregation in Germany
•  Extension of the partnership with JERA to LNG activities
•  India (smart grid): Successfully completed test phase and launch of the general deployment phase of 500,000 smart meters to come (total programme of 5mln over 18 months).

New nuclear

•  Hinkley Point C: J0 milestone (pouring of the nuclear safety concrete and completion of the common raft for Unit 1) reached on schedule
•  Taishan 2 EPR in China: First grid connection on 23 June 2019 on track for commercial commissioning
•  Flamanville 3: Following the French Nuclear Safety Authority's decision of 19 June 2019 on penetration welds, three scenarios are under investigation.

2019 targets (6) including IFRS 16 impact

•  EBITDA (7): €16.0 – 16.7bn
•  Decrease in OPEX (8): ~ €1.1bn vs 2015
•  Cash flow excluding HPC and Linky: >€600m (9)

2019-20 ambitions (6) including IFRS 16 impact

•  Total net investments (10) excluding acquisitions and ‘2019-20 Group disposals’: ~ €15bn/year
•  2019-2020 Group disposals: €2 to 3bn
•  Net financial debt/EBITDA (7) (10) : ≤ 2.7x
•  Dividend: target payout ratio of Net income excluding non-recurring items (11): 45 – 50%
         With the French state committed to scrip for the balance of the 2018 dividend and dividends relating to 2019 and 2020 full year

EDF’s Board of Directors meeting on 25 July 2019, under the chairmanship of Jean-Bernard Lévy, approved the condensed consolidated financial statements at 30 June 2019.
Jean-Bernard Lévy, EDF’s Chairman and CEO stated: “The first half-year results in 2019 are in line with our forecasts. Bolstered by a strengthened balance sheet, the Group is continuing its deployment of the CAP 2030 strategy and maintains its annual objectives. The professionalism of our teams has made possible to achieve major milestones in the Grand Carenage, HPC and Taishan projects, and to bring about some major successes in the solar and off-shore wind power sectors. At the same time, the Group is constantly innovating for energy transition, paving the way for new offers that are totally in step with our clients’ lifestyles.

NB: see the whole press release in the PDF file opposite

Footnotes to the first and second pages
(1) The financial statements at 30 June 2019 have been prepared in accordance with IFRS 16 as from 1 January 2019 (use of the modified retrospective method). Comparative figures have not been restated in accordance with the transitional provisions of the standard.
(2) Organic change at comparable scope, standards and exchange rates.
(3) Net income excluding non-recurring items is not defined by IFRS and does not appear directly in the Group's consolidated income statement. It corresponds to net income excluding non-recurring items, excluding net changes in fair value on energy and raw materials derivatives, trading activities and net changes in the fair value of debt securities and shareholders' equity net of tax.
(4) Enterprise value of US$750m, with an additional consideration of US $100m contingent on the commissioning of the Cassiopea gas development project in Italy. Edison could also receive royalties associated with further potential developments in Egypt, which would bring the aggregate value to c. US $930m.
(5) Net financial debt increased by €4.5bn in connection with the implementation of IFRS 16 on 1 January 2019.
(6) With unchanged legal and regulatory environment in France.
(7) Based on the scope and exchange rates at 01/01/2019 and assumptions for nuclear generation in France of 395TWh.
(8) Sum of personnel expenses and other external consumption. At comparable scope, IFRS 16 and exchange rates. At constant pension discount rates. Excluding changes in operating expenses from service activities.
(9) The impact of IFRS 16 on cash-flow is derived from the increase in EBITDA, reduced by financial interests on the IFRS 16 net financial debt.
(10) For 2020: depending of the impact, currently under assessment, of the decision of the French Nuclear Authority of 19 June 2019 on the schedule and completion cost of the Flamanville 3 project.
(11) Adjusted for the remuneration of hybrid loans recognised in equity.
(12) The disposal of Edison's Exploration and Production (E&P) activity was classified as a discontinued operation within the meaning of IFRS 5 as of 1 January 2019. The data published for the 2018 financial year have been restated for the impact of the presentation of the E&P activity in the process of being sold.

Hinkley Point C hits its biggest milestone yet

Publish on 06/08/2019

Hinkley Point C hits its biggest milestone yet

  On schedule completion of Unit 1 nuclear platform
   Nuclear station’s low carbon electricity vital for transition to “Net Zero”
   Contracts signed for innovative joint venture for next phase, boosting UK skills
   Unit 2 expected to hit same milestone in June 2020

Hinkley Point C has hit its biggest milestone yet on schedule. The completion of the base for the first reactor, known as “J-zero”, means that the construction of the nuclear buildings above ground can now begin in earnest.
The final 9,000m³ of concrete was the largest concrete pour in the UK, beating a record set by the Shard in London. Reinforced with 5,000 tonnes of Welsh steel, the base has been under construction by the UK-French joint venture of Bouygues-Laing O’Rourke for six months.
The event was due to be marked by a visit from the minister responsible for nuclear energy, Andrew Stephenson MP, who saw the construction site today (Friday June 28) and met apprentices at the National College for Nuclear.
Good progress and efficiency improvements means that the second Hinkley Point C reactor will hit its own J-zero moment in June 2020.

Next phase boosts UK skills
Final contracts have now been signed for an innovative joint venture to install the pipes and cables at the power station. The MEH1 Joint Venture brings UK contractors Balfour Beatty, Cavendish, Altrad and Doosan together to share expertise and incentivise collaboration and efficiency. The JV was influenced by the success of a single organisation carrying out this complex work during construction at Taishan, the EPR operating in China.
Pipework will be made by Bilfinger in Immingham at a modernised facility which will boost UK industrial capacity in this highly specialised area.
Hinkley Point C is working to tackle the UK skills shortage in welding by working with the MEH Joint Venture, ECITB[1], the Weldability Foundation, South West Institute of Technology and Bridgwater & Taunton College, to develop a new welding centre of excellence in Bridgwater. Making use of EDF Energy’s £4.5 million investment at the college, the centre will train and qualify the UK’s next generation of welders, benefitting people and industries across the South-West. With the ambitionto provide 350-500 welding NVQ qualifications per year, the initiative shows nuclear’s ability to create a positive impact for UK skills.
Hinkley Point C’s reliable low carbon electricity will play a vital role in helping the UK tackle the climate change crisis. With a large expansion of renewables, it will make “Net Zero” emissions possible and help the UK have an affordable and secure electricity supply. Innovation and the transfer of design, skills and experience from Hinkley Point C means the proposed near-identical
project at Sizewell C can be significantly cheaper to build and finance, and that subsequent projects at Bradwell B and elsewhere will also benefit.

Consortium of EDF, Masdar and Green of Africa named as successful bidder for Morocco’s landmark Noor Midelt I solar project with an installed capacity of 800 MW, a world first hybrid solar and storage technology

Publish on 29/05/2019

Paris, 22 May 2019 – The Moroccan Agency for Solar Energy (MASEN) has announced - after a competitive international bidding process - that the consortium of EDF (through its subsidiary EDF Renewables), Abu Dhabi Future Energy Company- Masdar, and Green of Africa, Moroccan Independent Power Producer, is the successful bidder for the design, construction, operation and maintenance of Noor Midelt I multi-technologies solar power plant.
With a capacity of 800 MW, this innovative hybrid solar project gathers concentrated solar power (CSP) and photovoltaic (PV) technologies. The hybridization of these technologies is a world first.

The combined operation of photovoltaic and CSP* technologies increases the plant's output to produce a flexible, dispatchable and competitive electricity for the Moroccan grid until five hours after sunset.

The plant will be located 20km north of the town of Midelt in central Morocco, in the high plains surrounding the Moulouya River and between the Middle and High Atlas Mountains. Construction on the project is expected to begin in the last quarter of 2019, while energy will be delivered to the grid in 2022.

“EDF Renewables, Masdar and Green of Africa would like to thank the Moroccan Agency for Sustainable Energy and the King of Morocco for having designated our consortium as the successful bidder to develop the innovative NoorMidelt I with an installed capacity of 800 MW hybrid concentrated solar power and photovoltaic power plant. The consortium is fully committed to supporting MASEN and the realization of Morocco’s long-term renewable energy ambitions,” the consortium members said.

The project is a key milestone towards the achievement of Morocco’s objective to have 52% of its electricity generation produced from renewable sources by 2030.

EDF boosts its activities in China with agreements to build and operate two offshore wind farms and to optimize a heating and air-conditioning networks in the city of Wuhan

Publish on 27/03/2019

On Monday 25th March 2019, on the occasion of an official visit to France by Xi Jinping, the President of the People’s Republic of China, EDF signed two agreements for low-carbon projects in China. The first agreement formally establishes the partnership entered into with the Chinese power utility China Energy Investment Corporation (CEI), seeking to jointly deliver two offshore wind power projects in China. The Dongtai IV and V offshore wind farms account for a total installed capacity of 500 MW and will be the EDF Group’s first offshore projects in China. The second agreement, signed with the power utility Huadian, concerns the operation of a heating and air-conditioning network in the city of Wuhan.
EDF gains a foothold on the offshore wind market in China

The cooperation agreement signed with China Energy Investment, a leading industrial player on China’s electricity market, concerns EDF’s acquisition of a stake in the Dongtai IV and V offshore wind projects, located off the coast of Jiangsu Province north of Shanghai. The Dongtain IV projet is currently being built; the construction of Dongtai V is scheduled to begin in 2019. Subject to the signing of the final contracts, both partners will build and operate a total installed capacity of 500 MW, which will be gradually commissioned by 2021.
With 3.8 GW of offshore wind capacity already in operation, China is a promising market which should continue to grow quickly and account for nearly one half of the global fleet by 2030 with 50 GW in operation.
Via its subsidiary EDF Renouvelables, the EDF Group is a well-established player on the world’s offshore wind market with more than 500 people working exclusively in this sector, with solid skills in all key areas comprising the development, delivery and operation of a project. The Group is now operating or developing 5.3 GW of offshore wind power, whilst operating and maintaining 500 MW of this capacity. In total, the Group currently operates more than 13 GW of gross wind and solar capacity in France and around the world, including more than 310 MW in China.
An agreement for the operation of a heating and air-conditioning network in the city of Wuhan
EDF and the power utility Huadian, have signed a cooperation agreement aimed at enhancing the performance of a heating and air-conditioning network for one of the districts of the city of Wuhan. The network is expected to provide heating for 100 000 customers and air-conditioning for 500 000 square metres of office space. The signatories will jointly examine the feasibility of using smart energy management tools already being used by the EDF Group for the heating network in the city of Sanmenxia.
Jean-Bernard Lévy, EDF Group Chairman and Chief Executive Officer: “The agreements signed today consolidate EDF’s foothold in China, a strategic country for the Group’s international expansion. In China, EDF is now active in all main business segments, all of these helping the Group to support China’s energy ambitions whilst reducing CO2 emissions: nuclear, renewables and energy services.”

EDF Renewables strengthens its presence in distributed solar power in China with its partner Asia Clean Capital

Publish on 27/03/2019

Paris, March 21st 2019 – EDF Renewables in China is acquiring a majority stake in a 77 MWp rooftop PV assets portfolio from Asia Clean Capital (ACC), one of China’s biggest firms in this segment, for local and multinational companies and industries.
For the past year, ACC and EDF Renewables have been in partnership in the construction and operation of a shared B2B portfolio of roof-mounted distributed solar projects.
Commissioned over 2017 and 2018, the 17 rooftop solar facilities represent a total capacity of 77.1 MWp.
Each project, covered by a Power Purchase Agreement with major multinational companies, is located as close as possible to companies and factories who wish to produce and use their own renewable energy – including Danone, Coca Cola and Nestlé, as well as Chinese industrial Groups such as Wahaha and Wuhan Iron & Steel.
EDF Renewables has acquired a majority stake in this portfolio of rooftop PV projects through a joint venture in which the ACC Group, which developed and built the projects, retains a minority stake in the projects.
This acquisition takes EDF Renewables’ clean energy gross capacity (wind and solar) under construction or in operation in China to more than 413 MW, including nearly 100 MWp gross of rooftop solar capacity in operation under a partnership with ACC.
This transaction forms part of the EDF Group’s Cap 2030 strategy, which aims to double renewable capacity between 2015 and 2030 in France and globally, taking it to a net 50 GW.
The EDF Group has been working in China for more than 30 years across several sectors of the country’s energy market, including renewables, nuclear and services.

2018 annual results

Publish on 20/02/2019

Rebound confirmation: double-digit growth in EBITDA
Cash Flow largely positive
Excellent execution of the performance plan

Marked rebound of the operating performance
Nuclear output in France amounted to 393.2TWh, an increase of 14.1TWh over 2017. This improvement can be explained by the fact that 2017 was heavily penalised by several reactor outages linked in particular to the manufacturing records of the Creusot plant, the “carbon segregation” issue, and the temporary shutdown of the four generation units of the Tricastin power plant.
Hydropower output in France amounted to 46.5TWh (1), an increase of 25.4% (+9.4TWh) over 2017. After a very dry year in 2017, 2018 benefited from good hydropower conditions and an optimised availability of hydropower assets.
In the United Kingdom, nuclear output amounted to 59.1TWh, down 4.8TWh compared to 2017. This decrease can be explained in particular by the Hunterston B inspection and the extension of the Dungeness B outage.
EDF Renewables’ production amounted to 15.2TWh, an organic increase of 15% compared to 2017 thanks to commissionings at the end of 2017.
In addition, EDF Trading achieved solid results by taking advantage of a context of favourable volatility in the commodities market.

Net income
The financial result corresponds to a financial expense of €4.8 billion, €2.6 billion more than in 2017. This evolution is primarily due to the change in the fair value of debt and equity on dedicated assets, which weighs on the financial result (application of IFRS 9 (2)) because of unfavourable market conditions, especially at the end of the year. Conversely, in 2017 the Group realised significant capital gains within its dedicated asset portfolio. Moreover, the unwinding cost recorded in 2018 is greater than in 2017 due to a more pronounced decrease in the discount rate for nuclear provisions (20 basis points in 2018 compared to 10 in 2017).
Net current income excluding non-recurring items amounted to €2.5 billion in 2018, down 13.1% compared to 2017 due to the change in the financial result (excluding the fair value adjustment of financial assets). Net income Group share amount to €1.2 billion in 2018, down 62.9%. In addition to the variation in the financial result, this decrease is explained by the positive effect of the capital gain recorded in 2017 for the sale of 49.9% of the Group’s shareholdings in CTE (3), without equivalent in 2018.

Excellent execution of the performance plan
The good execution of the performance plan was confirmed in 2018 with the surpassing of all targets:
- Operating expenses (4) were reduced by €256 million in 2018 compared to 2017, representing a cumulative reduction of €962 million between 2015 and 2018, exceeding the target of €800 million by the end of 2018 and positioning the Group on the right path to meet the €1.1 billion over 2015-2019 period.
- The Group’s plans to optimise the working-capital requirement delivered a cumulated optimisation of €2.1 billion over the period 2015-2018, which allowed to exceed the €1.8 billion target.
- The €10 billion disposal plan was completed at the end of 2018, two years ahead of schedule.
Together with the capital increase carried out in 2017, the performance plan significantly strengthened the Group’s balance sheet and contributed significantly to the success of Cap 2030 by allocating the necessary resources to the strategy.


The first of two EPR reactors at China’s Taishan nuclear power plant enters into commercial operation

Publish on 24/12/2018

On Friday 14th of December 2018, CGN and EDF announced, at a joint press conference in Beijing, that unit 1 of Taishan nuclear power plant had become the world’s first EPR to enter into commercial operation. This last milestone was reached on Thursday 13th of December 2018 after the final statutory functional test of continuous operation at full power for 168 hours. The successful outcome of this test marks the achievement of all prerequisite conditions for the reactor’s safe operation.

Comprising two 1750-MW EPR reactors, Taishan nuclear power plant is the biggest cooperation project to have taken place between China and France in the energy sector. Taishan’s two reactors are capable of supplying the Chinese power grid with up to 24 TWh of CO2-free electricity a year, tantamount to the annual electricity consumption of 5 million Chinese users, whilst at the same time preventing the emission of 21 million tons of CO2 a year.

The Taishan project is being led by TNPJVC, a joint venture founded by CGN (51%), EDF (30%) and a regional Chinese utility called Yuedian (19%). The EDF Group and its Framatome subsidiary supplied the third-generation EPR technology, which meets the highest international safety standards. EDF also contributed operating experience from the construction of its Flamanville-3 EPR. The use of this operating experience was a crucial factor in successfully completing the initial phases of the Taishan 1 construction project. CGN, which oversaw the construction phase of the project, capitalised on more than 30 years of experience in the construction of nuclear power plants.

Taishan 1 has benefited from 35 years of strategic cooperation between EDF and CGN, which started with the construction of China’s very first commercial nuclear power plant at Daya Bay. Both companies also took advantage of the complementary relationship between the French and Chinese nuclear industries, thereby increasing their knowledge base and offering new business opportunities.

Taishan 1 is providing EPR reactors around the world with its experience in project management and technological expertise. The first reactors to benefit from this experience are the two Hinkley Point C units currently being built in the UK. The two companies are also partners in the Sizewell C EPR project, as well as in the Bradwell B project which is based on Hualong technology.

He Yu, Chairman of China General Nuclear Power Group: “Taishan 1’s entry into operation marks the accomplishment of the task set by the Chinese and French heads of state. As the world’s first EPR project, Taishan offers valuable lessons and solutions for the construction of similar reactors worldwide and it will play a demonstrative and supportive role in the joint construction of the Hinkley Point C project in the UK by CGN and EDF.”

Jean-Bernard Lévy, EDF Chairman and Chief Executive Officer: "The commissioning of Taishan 1, the world’s first EPR to enter into commercial operation, is a key achievement for the entire French nuclear industry as it demonstrates its capacity to develop this third-generation nuclear technology in line with the highest safety and quality standards. EPR is a major asset in addressing the challenge facing many countries: reconciling the growth of electricity demand with the need to reduce carbon dioxide emissions. The Taishan project also illustrates our approach to developing EPRs worldwide, in cooperation with valued partners such as CGN.”

A visible success for EDF Nuclear Suppliers Day 2018 in Mumbai

Publish on 05/12/2018

EDF with the support of Business France, were pleased to welcome around 200 participants on November 27th 2018 to the EDF Nuclear Suppliers Day 2018 which took place in Mumbai, India.
More than 20 delegates from NPCIL, Nuclear Power Corporation of India Limited, also took part of the event and made some presentations on various topics including training, public acceptance, procurement, localization and quality assurance.
An Industrial Way Forward Agreement has been signed on March 10th 2018 between the EDF Group and the Indian nuclear utility NPCIL for the implementation of 6 EPR on the site of Jaitapur.
EPR Jaitapur Nuclear Power Project, is located in the state of Maharashtra and will be the largest nuclear power plant in the world with six EPR generating capacity of approximately 1600 MW per unit.
This unique EDF Nuclear Suppliers Day gathered most of the stakeholders working on the EPR Jaitapur Nuclear Power Project and a large panel of nuclear suppliers from France and India.
This event has been a unique opportunity to identify potential areas of cooperation between French and Indian nuclear suppliers willing to join forces in order to efficiently meet the tremendous localization needs of the Jaitapur project.

Another milestone has been accomplished in the development of the Son My 1 combined-cycle gas power plant project (2250 MW) in Vietnam.

Publish on 29/11/2018

On the 2nd of November 2018, during the official visit of France’s Prime Minister Edouard Philippe to Vietnam, EDF, on behalf of the consortium in charge of the development of the Son My 1 gas-fired combined-cycle facility, and the Vietnamese Ministry of Industry and Trade signed a Memorandum of Understanding (MOU) setting out the general framework for the project. The signing of this MOU marks a major milestone by opening the way to the negotiation of different agreements that will ultimately lead to the final investment decision.

The project involves the construction and operation, over a 20-year period, of a 2250-MW high-efficiency and environmentally sustainable combined-cycle gas-fired plant, located in the province of Binh Thuan to the north-east of Ho Chi Minh. It is aligned with Vietnam’s energy diversification policy while fulfilling a dual purpose: meeting the growing demand for electricity and reducing the proportion of coal in Vietnam’s energy mix (34%) in favour of gas and renewables.

Already active in Vietnam via its subsidiary, the Mekong Energy Company in which it holds a 56.25% stake and which operates the combined-cycle Phu My 2.2 facility (715 MW), EDF will use its experience in the construction and operation of combined-cycle plants worldwide. The new facility is expected to be commissioned by 2024.

In March of this year, the EDF Group was appointed leader of the consortium (37.5%) set up to design the project along with its Vietnamese partner Pacific Corporation (25%) and two Japanese partners, Sojitz corporation (18.75%) and Kyushu Electric Power Co (18.75%).

Marianne Laigneau, Senior Executive Vice-President in charge of EDF’s International Division: "The agreement signed today marks a significant step forward in the project’s development. We are proud that our expertise will be supporting Vietnam with a pivotal project that epitomises its energy transition. The Son My 1 project has strengthened our footprint in South-East Asia, a strategic region for our international expansion, whilst being perfectly aligned with EDF’s CAP 2030 strategy which seeks to triple the Group’s share of business outside Europe by 2030”.


With more than 20 years of experience in South-East Asia, the EDF Group’s presence is reflected in a number of business sectors:

  • Grids: On the 31st of October 2018, the Group inaugurated the MASERA microgrid demonstrator in Singapore. It will ultimately enable the Group to roll out a commercial offering of affordable and efficient microgrids in isolated regions of South-East Asia, among others. EDF has also conducted feasibility surveys for the power transmission grid in Cambodia and Thailand, the construction of a 140-km high-voltage line in Laos, and optimised design studies for the Indonesian grid.
  • Power generation: The Group has built the Nam Theun hydroelectric dam (1070 MW) in Laos, which it now operates via its subsidiary, NTPC. It is also developing a 670-MW hydro project in Myanmar.
  • Trading and LNG optimisation via a joint venture set up in 2018 by Jera and EDF Trading, based in Singapore.
  • Innovation and development: on the 29th of October 2018 the Group inaugurated in Singapore its Asian headquarters to cover its expansion in South-East Asia; EDF has already been established there via its R&D laboratory specialising in sustainable cities.
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