EDF offered state support for Hinkley Point C nuclear project

摘要

Heavily indebted French energy giant EDF has been promised a state bailout worth billions of euros to allow it to press ahead with plans to build the {pound}18 billion nuclear power station at Hinkley Point in Somerset, UK. According to a report in The Times, Emmanuel Macron, the French economy minister, has dismissed concerns in France and Britain about the high cost of the project to build two nuclear reactors using French technology. Instead, he signalled the French government's willingness to prop up EDF to enable it to complete the job. "If we need to recapitalise, we will do it," he said. "If we need to renounce dividend payments again, we will do it."