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UPDATE 2-EDF eyes profit rebound after pandemic curbs demand


Says delays will hit finances and renewables plans
Full-year core profit beats forecast
Targets 5% increase for 2021 (Writes through, adds quotes)
PARIS, Feb 18 (Reuters) - State-controlled French power group EDF can manage without fresh capital from the government until the end of 2022, it said on Thursday, but warned that delays in reform of the country’s nuclear sector would hobble its finances.
The utility, which is nearly 84% owned by the government, is awaiting an ambitious nuclear power shake-up and restructuring outlined by President Emmanuel Macron, but the process has become bogged down in negotiations with Brussels.
A key plank of the overhaul involves higher price guarantees on nuclear energy EDF sells to third-party providers, helping the debt-laden utility to cover production costs. ....

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