France to shut down oldest nuclear complex by end of June

Image
AP Paris
Last Updated : Feb 19 2020 | 7:18 PM IST

French Prime Minister Edouard Philippe said on Wednesday that the Fessenheim nuclear reactor, on the border with Germany, will be shut down at the end of June, with one of its reactors to be closed this weekend.

A statement on Wednesday called the decision the first phase of France's energy strategy set out in 2018 by President Emmanuel Macron. The plan calls for a re-balancing of nuclear-produced energy and electricity derived from renewable sources. Coal plants are to be closed by 2022 to reduce greenhouse gases, the statement said.

Reactor No 1 will be halted on Saturday and the entire complex will come to a halt on June 30, the statement said.

Germany has long called for the plant, France's oldest, to be shut down. It is the first nuclear complex to be closed under Macron's plan.

France depends more on nuclear energy than any other country, getting about three-quarters of its electricity from the plants. Macron said in 2018, outlining France's energy strategy for the next 30 years, that 14 nuclear reactors out of the 58 now running at 19 plants will be shut down by 2035. France would cap the amount of electricity it derives from nuclear plants at 50% by then.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 19 2020 | 7:18 PM IST

Next Story