CGC Stock – French unions suspend strike at Cordemais coal power plant
PARIS, March 8 (Reuters) – French unions have suspended an ongoing strike at the country’s Cordemais coal power plant after receiving assurances that the unit will not shut down completely in 2022, and would be called on to generate electricity as needed by the power grid.
The unions said in a statement that the three-month strike, which started in protest over a government decision to halt all coal-fired power generation in France, was made after some concessions from the government.
France plans to phase out coal power generation by 2022 in line with its goal to curb carbon emission and develop more renewable power capacity.
The decision to shut the plant is opposed by unions which said it would hurt jobs and France’s security of supply, particularly in western France where the plant is situated.
The French power grid operator is expected to carry out an in-depth analysis of the supply and power generation situation of the region before a final decision is made.
The unions said the move by the government to work with state-controlled utility EDF to replace the 1,200 MW coal power generators with an ecological fuel process known as ‘Ecocombust’, helped their decision.
“The suspension of the strike would allow the development of the Ecocombust project and give Cordemais a chance to continue beyond 2022,” the CGT, FO and CFE CGC unions said in a joint statement. (Reporting by Bate Felix; Editing by Sudip Kar-Gupta)