Aller au contenu
EDF
Accédez à tous les sites EDF depuis ce menu
EDF
  • Return to home The EDF Group

    • Who we are

      • EDF at a glance
      • EDF in the world
      • Strategy CAP 2030
      • Activities
      • History
      • Governance

      The EDF adventure

      A global electricity company in the spotlight

      Discover
    • Our energies

      • Nuclear
      • Thermal
      • Renewable Energies
      • Low-carbon Hydrogen

      Bazacle complex

      Bazacle complex offers to the public exhibitions, fish pass and guided tours of the active hydroelectric plan

      Come to admire this unusual location free of charge
    • Our commitments

      • Corporate social responsibility
      • Ethics & Compliance
      • Reports and indicators
      • Solidarity & Progress, Culture, Sport
      • Innovation

      Innovation

      Discover how we assist our clients and teritories

      More about
    • Dedicated sections

      • Investors & Shareholders
      • Journalists
      • Applicants
      • Suppliers
      • EDF Pulse

      Sales and highlights

      3rd quarter - 14 November 2019

      Audio webcast & documents
EDF

You are :

  • Residential
  • Businesses
  • Local authorities
  • EDF join us Join us
  • The EDF Group Discover our activities

Who we are

  • EDF at a glance
  • EDF in the world
  • Strategy CAP 2030
  • Activities
  • History
  • Governance

The EDF adventure

A global electricity company in the spotlight

Discover

Our energies

  • Nuclear
  • Thermal
  • Renewable Energies
  • Low-carbon Hydrogen

Bazacle complex

Bazacle complex offers to the public exhibitions, fish pass and guided tours of the active hydroelectric plan

Come to admire this unusual location free of charge

Our commitments

  • Corporate social responsibility
  • Ethics & Compliance
  • Reports and indicators
  • Solidarity & Progress, Culture, Sport
  • Innovation

Innovation

Discover how we assist our clients and teritories

More about

Dedicated sections

  • Investors & Shareholders
  • Journalists
  • Applicants
  • Suppliers
  • EDF Pulse

Sales and highlights

3rd quarter - 14 November 2019

Audio webcast & documents

Sites in France

  • Corsica
  • French Guiana
  • Guadeloupe
  • Martinique
  • Réunion
  • Saint-Pierre and Miquelon

Sites worldwide

  • Africa
  • Asia
  • Belgium
  • Germany
  • Italia
  • Middle East
  • North and South America
  • Russia
  • United Kingdom
  • FR

Popular search

  • dividend
  • governance
  • innovation
  • results
  • smartgrid
  • strategy
  • Press contact
  • Investors contact
Contact information
  • Applicant
  • Local authorities
  • Businesses
  • Residential

I already have an account

Register

I do not have an account

Create my Account
Go back
You are here :
  1. EDF.fr
  2. The EDF Group
  3. Dedicated sections
  4. Journalists
  5. All press releases
  6. Ministerial Order related to the cost of the...
15 Jan 2016

Ministerial Order related to the cost of the Cigéo storage project and impacts on the Group's consolidated financial statements

PDF 41.23 KB
  • Partager cette page par email
Finance

In a letter sent on 15 January 2016 to the Chairman and CEO of EDF, the Chairman of AREVA and the General Administrator of CEA, the Ministry of Ecology, Sustainable Development and Energy attached a Ministerial Order signed on the same day and related to the cost associated to the implementation of long-term management solutions of long-lived medium and high-level radioactive waste regarding the Cigéo storage project.

The cost in the order constitutes an objective to be met by Andra, in compliance with safety standards set by the Nuclear Safety Authority (ASN), in close liaison with operators of nuclear installations. Based on the Order, the cost of the Cigéo project will be regularly updated, and at least at each key milestone in the course of the project’s development (authorization to create the facility, commissioning, end of the “pilot industrial phase, safety reviews) in accordance with the opinion of the ASN.

EDF Group takes note of the Ministerial Order of 15 January 2016 related to the cost associated to the implementation of long-term management solutions of long-lived medium and high-level radioactive waste on the cost for the Cigéo storage project and will translate the impacts in its 2015 consolidated financial statements.

The cost of the project Cigéo set by this Order is 25 billion euros at the economic conditions of 2011 and will substitutes the estimated benchmark cost of 20.8 billion euros on which EDF Group relied in its consolidated financial statements at the end of December 2014 and at the end of June 2015.

Taking into account this cost will therefore result in an increase of around 800 million euros in the provisions for long-term radioactive waste management for future expenses relating to the deep storage project Cigéo on EDF Group’s consolidated accounts at the end of 2015.

The increase in provisions will have a negative impact of around 500 million euros post-tax on net income Group share in 2015. It will be up to EDF’s Board of Directors to determine the impact of this provision on the dividend that will be proposed at the General Shareholders Meeting, based on the 2015 consolidated financial statements.

Contacts

Analysts and investors

Phone: +33 (0) 1 40 42 40 38

Press Office

Phone: +33 (0) 1 40 42 46 37

service-de-presse@edf.fr

Back to top
EDF
  • Residential
  • Businesses
  • Local authorities
  • EDF join us
  • The EDF Group
  • Residential
    • Home
      • Access here
  • Businesses
    • Home
      • Access here
  • Local authorities
    • Home
      • Access here
  • EDF join us
    • Join us
      • See the offers
      • Recruitment process
    • Working for EDF
      • Your career
      • Remuneration
      • Students
    • Why choose EDF
      • Why should you join EDF ?
      • A responsible employer
  • The EDF Group
    • Who we are
      • EDF at a glance
      • EDF in the world
      • Strategy CAP 2030
      • Activities
      • History
      • Governance
    • Our energies
      • Nuclear
      • Thermal
      • Renewable Energies
      • Low-carbon Hydrogen
    • Our commitments
      • Corporate social responsibility
      • Ethics & Compliance
      • Reports and indicators
      • Solidarity & Progress, Culture, Sport
      • Innovation
    • Dedicated sections
      • Investors & Shareholders
      • Journalists
      • Applicants
      • Suppliers
      • EDF Pulse
  • Legal notices
  • Cookies
  • Credits

Energy is our future, save it !
©2019 EDF

As you continue your navigation without changing your settings , you accept the use of cookies or similar technologies to provide services and offers tailored to your interests and to secure transactions on our website. For more information , manage or change the settings , click here