PARIS, Dec 16 (Reuters) - Shares in EDF (EDF.PA) plunged on Thursday after the French power giant found faults at a nuclear power station and shut down another plant using the same kind of reactors, leading it to cut its core profit goal for this year.

France's Nuclear Safety Authority said EDF had informed it that it had detected cracks on the pipes of a reactor at the Civaux power plant in western France due to corrosion.

It said EDF, which has extended the outage of its Civaux station as a result and also stopped the Chooz plant in eastern France that uses the same technology, was investigating the cause of the faults. The watchdog will closely monitor EDF's review, it added.

Now worse as ""

While at first glance you might think this is bad for Nuclear. I think not myself. With BIG jumps in Gas prices on top of the existing very high prices

Markets

Europe Power Prices Surge to Record on French Nuclear Halts

By

Lars Paulsson

and

Jesper Starn

16 December 2021, 5:56 pm AEDT Updated on 16 December 2021, 11:36 pm AEDT

• German electricity for next year jumps to 230 euros/MWh
• Closures will likely impact exports to neighboring markets

the issues in France can be fixed. The issues for EU while that occurs and Germany tries to shut its own Nuclear plants may require a bigger fix?