EDF unveiled its new strategy to increase its installed capacity with diversified energy mix

EDF aims to be top electricity player in world

EDF wants to become the world's number electricity player by 2020, unveiling plans to increase installed capacity to 200 GWe.

French energy utility Electricite de France set out its strategy this week to shareholders at a general meeting this week.

Chairman and CEO Henri Proglio said the company plans to increase its installed capacity to 200 GWe, with a diversified energy mix of 50 per cent nuclear, 25 per cent thermal , and 25 per cent hydroelectricity and other renewables.

This would represent an increase of around 66 GWe from EDF's 2010 installed capacity of 133.9 GWe, including 74.3 GWe of nuclear (55 per cent), 34.8 GWe thermal (18 per cent), and 24.8 GWe hydro and other renewables (26 per cent).

The figures indicate that EDF plans to increase its nuclear capacity by over 25 GWe in the next eight years, although it is not clear how it will achieve this.

A 1650 MWe EPR is currently under construction at Flamanville in France, and EDF also has interests in units under construction at Taishan in China.

It also plans to build up to four EPRs totalling some 6680 MWe at Hinkley Point and Sizewell C in the UK, although none of those units are yet under construction. Three are pencilled in to start up before the end of 2020.

In addition to increasing its capacity, becoming a major global player in lower carbon energy, and taking top spot in the European renewables sector, EDF wants to increase its generation capacity outside France by 50 per cent.

In addition to its strong European foothold and expanding presence in China, Russia and the USA, EDF plans to increase its presence in rapidly growing markets such as Poland, Brazil and Turkey.

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