France says will recapitalise energy giant EDF 'if there's a need'

17th March 2016, Comments 0 comments

The French government stands ready to inject fresh capital into energy giant EDF if necessary, Economy Minister Emmanuel Macron said on Thursday.

"If there is a need to recapitalise, we will do so," Macron said during a visit at the Civaux nuclear station in central France.

"If we need to forego dividends again, we will do so," he added.

EDF, 84-percent owned by the French state, has reportedly asked the government to help it finance a contested plan to build a next-generation power plant in Britain.

Last month, the government accepted dividend payments in shares rather than cash, saving EDF some 1.8 billion euros ($2.0 billion).

"We will all make an effort. The government as shareholder has started doing so," Macron said, acknowledging that the government had been "too short-termist" in its dealings with EDF in recent years.

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© 2016 AFP

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