The French authorities are finalizing the choice of a new head of the nationalized EDF

PARIS, Sep 1 – PRIME. The new head of the French energy company EDF, which the government plans to nationalize, will be announced soon, Prime Minister Elisabeth Born said on France Inter radio on Thursday.

“He (the search for a new head of EDF – ed.) is in the process of being completed,” the prime minister said.

In July, the French government announced plans to nationalize the energy corporation. The search began for a successor to the head of the corporation, who will replace Jean-Bernard Levy in this post. It was noted that Levy will leave the post, which he held since 2014, before the expiration of his mandate in March 2023.

In early 2022, France announced that it would keep electricity price increases at 4% to protect the population from a sharp increase in electricity bills. The French government has ordered EDF to increase its nuclear power generation by 20 TWh to 120 TWh, which will be sold at a fixed price in 2022.

In August, EDF filed a €8.34 billion lawsuit in the French Supreme Court seeking to compensate for losses due to the sale of electricity at low prices amid government restrictions on the cost of electricity.

It was reported that the French government is ready to spend 9.7 billion euros on the nationalization of the country’s largest energy company.