The French state utility Electricité de France is expecting its annual sales to exceed E60 billion by 2005, an increase of more than 50 per cent over current levels. EDF, which posted a revenue of E40.7 billion in 2001, wants half its income to come from its electricity business outside France by 2005. The company expects to lose market share within France as competition becomes stiffer and is planning to expand abroad. It has budgeted E19 billion for such expansion between 2001 and 2003.
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