EDF s investment projects, EDF s plans in China

EDF plans to gradually increase electricity prices by 24% between 2010 and 2015 to support the Group's investments. EDF has submitted an application for a medium-term increase in electricity prices to the relevant authorities, which is not only aimed at industrial enterprises, but also covers all individual users of electricity. Moreover, a 24% price increase in five years would be 15 percentage points higher than the inflation rate.

Over the past 20 years, EDF has participated in the construction of China's Daya Bay Nuclear Power Plant as an engineering and technical consultant, and jointly invested in the construction of the Taishan Phase I Nuclear Power Project with China General Nuclear Power Group, and the level of cooperation between the two sides has been continuously improved. On November 26, 2007, the two sides signed the "Global Partnership Agreement", which established the principle for cooperation in the Taishan nuclear power project and cooperation in the participation of the full Xianqiu nuclear power project.

By the end of 2000, France had invested in the construction of power stations in 27 countries, with a capacity of 35,559 megawatts and 20 million users. Among them, the largest proportion of investment is in Germany, EDF acquired a 33% stake in Germany's third-largest power company, with a capacity of 10,000 megawatts and 3.7 million users. In the UK, it has a capacity of 2,930 megawatts and 3 million users.

In addition, EDF has a capacity of 3,720 megawatts in China.

In 2000, EDF generated a total of 34.4 billion euros, of which 75% was generated in France, and 25% was non-traditional, i.e. generated abroad and non-generated in the country (services, etc.). By business area, the power generation segment accounted for 5% of total turnover, transmission and distribution accounted for 80%, and services accounted for 15%.

In 2000, EDF had nearly 120,000 employees, 19 nuclear power plants in mainland France, 31 million users, and a capacity of 10,000 megawatts, of which 404 billion kilowatt-hours were sold in the French market and nearly 70 billion kilowatt-hours were produced. EDF accounts for more than 90% of France's electricity market share, of which nuclear power accounts for 84%, hydropower accounts for the share, and thermal power accounts for the share. In addition, independent power generation companies such as French coal companies, wind farms and some small hydroelectric power plants also transmit about 10% of the electricity to the French electricity market.

Until now, EDF is still a wholly owned state-owned enterprise, with the state owning 100% of the shares. It is under the supervision of the Ministry of Economy, Finance and Industry, and is responsible for the generation, transmission and distribution of electricity throughout France, with a monopoly on the transmission and import and export of electricity, a quasi-monopoly of 93% of electricity generation and 95% of distribution, and the mission of providing the lowest cost public services to the population. Its division of labor with the state is:

EDF is responsible for business planning, operation and price recommendations, while the state, as owner, is responsible for policy formulation, air regulation management and decision-making. Since 1970, when EDF signed the first "plan contract" with the state, 8 have been signed so far, through which the state sets quantitative targets for EDF, and EDF can operate relatively independently and freely within the framework of this contract.

With the reform of the EU's electricity market, the European Commission has issued mandatory directives stipulating that a subset of users in each member state must be free to choose their electricity supplier. Member States have agreed that users who use more than 16 million hours of electricity per year will be free to choose their electricity provider. According to statistics, there are now 1,200 such users in France, and France hopes to open all non-resident users by 2003.

Since the opening of the French electricity market in 1999, France has opened up 30% of its market share, but only 10% of the market share has actually been lost. Among the other EU countries, Germany and the United Kingdom have taken the lead and have already opened up all domestic electricity markets.

The opening of the EU's electricity market is now on the agenda and has become an important topic at the next EU summit in Barcelona. With the approach of a new round of French ****, the development trend of EDF has also become the focus of attention again. However, France** has been unresolved on this issue, which the European Commission has always regarded as hindering the process of opening up the EU's electricity market.

In recent years, EDF has made great strides in the development of foreign markets, but it is cautious in the opening of the domestic market. In this context, whether or not EDF will start privatization is bound to be the biggest concern in Brussels.

In response to external pressure, France was silent. What they believe is not the form of privatization, but whether it is really beneficial to the development of enterprises, not to mention that high-level decision-making is to a certain extent constrained by a series of issues such as enterprise unions and retirees. In addition to this, there are a number of technical issues that have yet to be determined.

That. 1. The issue of the proportion of capital opening; second, how will the structure of the company change in the future, and how will the responsibilities of the investment company and its branches be divided; In addition, on the issue of listing, whether to partially privatize or only partially list the company's international business separately. In short, a number of options are currently under consideration. More than 80% of France's electricity is generated by nuclear power, and most French people are concerned about the feasibility of handing over these sensitive and strategic nuclear power plants to the private sector.

However, people in the European Union have ridiculed the opposite, arguing that the nuclear power plants in the United States, Britain, Germany, Japan, Belgium and other countries in the world are all owned and operated by private companies, and all of them are operating normally. In other words, the high proportion of nuclear power plants in France is not enough to constitute an obstacle to the opening of the country's electricity capital market. This is just a manifestation of the lack of confidence of the French in the future of the company's profits after the opening of capital.

As the business expands, there is undoubtedly a need for more funds to support the growth of the business. The strengthening of the trend of nationalization of enterprises and the establishment of strategic partnerships will also trigger the mutual penetration of similar enterprises in the world and form equity swaps. The opening of the electricity market can be said to be an irreversible trend, but EDF hopes to strengthen its share of the rest of the European market through several mergers and acquisitions, and then consider whether to increase capital by ** capital or directly through the opening of the capital market.

EDF (EDF: Electricite de France).

EDF generated 482 billion kWh of electricity in 2000. Among them, nuclear power accounts for 82%, hydropower 13%, and thermal power 5%. EDF has a capacity of 103,500 MW (63,000 MW for nuclear power, 17,200 MW for thermal power and 23,300 MW for hydro).

In 2000, EDF's domestic electricity sales amounted to 397.5 billion kWh (+. It is also Europe's largest electricity exporter. Net electricity exports reached 69.4 billion kWh in 2000, an increase over the previous year.

This proves that the company's power generation facilities are able to meet the electricity needs of the European market.

EDF is one of the world's leading players in the energy market, investing more than 11 billion euros in more than 20 countries in Europe, Asia, Latin America and Africa. With 31 million domestic customers and more than 20 million overseas customers, EDF is one of the world's largest electricity supply providers.

Founded in 1946, EDF is one of the world's leading power companies, a major player in the European energy market, covering all aspects of the upstream and downstream of the power industry.

EDF, one of the world's largest electricity producers, achieved a turnover of US$31 billion in 1997. It has more than 100,000 MW of installed capacity, a production capacity of 458 billion kWh in France, and more than 30 million users. In recent years, EDF's international business has accelerated markedly, playing a significant role in today's electricity market, especially in Europe, Latin America and Asia.

Founded in 1946, EDF is a state-owned enterprise responsible for power generation, transmission and distribution throughout France. In order to fulfill its mission of public service, EDF is responsible for the design, construction and operation of power facilities. With more than 50 years of experience in energy development, EDF has become one of the world's leading power companies.

As a major player with world-class industrial competitiveness in nuclear, thermal, hydroelectric and renewable energy, EDF offers integrated solutions including power investment, engineering and power management and distribution.