November 27, 2024
France is weighing zero-interest loan for 6 nuclear reactors
By admin | |
French officials are drawing up plans for an interest-free loan to state-owned power utility EDF to finance six new nuclear reactors with a total capacity of 10 GW that will cost over €50 bln. The plans include a long-term guaranteed price for the power generated, known as a contract for difference (CfD) and needs to be cleared by the European Commission.