A view shows the Electricite de France (EDF) nuclear power plant in Avoine near Chinon, France, February 18, 2022. REUTERS/Stephane Mahe PARIS, July 5

France's EDF says hot summer could hit nuclear output, shares fall

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2022-07-06 19:30:05

A view shows the Electricite de France (EDF) nuclear power plant in Avoine near Chinon, France, February 18, 2022. REUTERS/Stephane Mahe

PARIS, July 5 (Reuters) - France's EDF (EDF.PA) might be forced to cut nuclear output further because of expected prolonged hot temperatures over the summer months, an executive told a briefing on Tuesday, prompting a sharp fall in the company's shares.

EDF's shares ended down 7.5% on the Paris stock market, underperforming the Stoxx Europe 600 Utilities (.SX6P) index, which lost 2.03%.

"We have a peculiar year due to the drought that has started early, especially in southeastern France. But there is generally a little bit less water available this year," Catherine Laugier, Environment Director at EDF, told a news conference.

France is already grappling with reduced electricity generation because of unexpected maintenance at its aging nuclear reactors.

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