Electricite de France SA Chief Executive Officer Henri Proglio dismissed suggestions that his future at the world’s biggest nuclear operator is in doubt, saying he sees his position as “eternal.”
Electricite de France SA can’t make ends meet unless it can raise the price of wholesale nuclear power it sells to rivals, its chief executive officer said.
Henri Proglio , the top executive at France’s biggest water and nuclear power companies, stepped down as chairman of Veolia Environnement SA , bowing to pressure to relinquish one of his two jobs.
Europe’s drive toward a power system based on renewable energy has gone so far that output will probably need to be cut within months because of oversupply.
Electricite de France SA reactors will meet barely half the country’s power needs by 2030, Chief Executive Officer Henri Proglio said in an appeal to lawmakers to rein in efforts by the government to cut reliance on nuclear.
Henri Proglio and Gerard Mestrallet, the Frenchmen who run the world’s biggest utilities, fought for a decade to win water contracts around the world. Now, the rivalry goes nuclear.
Veolia Environnement SA said Henri Proglio, chief executive officer of Electricite de France SA, resigned as a director of the world’s biggest water utility.
"I have clearly told both sides they have to agree on our involvement."
- Henri Proglio on Jul 31, 2014