The French government has promised a financial bailout for EDF so that it can proceed with the à‚£18bn plan to build the Hinkley Point C nuclear power plant.
France’s economics minister, Emmanuel Macron said not going ahead with the project would be a mistake and added that the government would do what is required financially to ensure the plant is built.
“If there is a need to recapitalise (EDF), we will,” he said during a visit to a nuclear power station at Civaux in midwestern France. “If there needs to be a further waiver of dividends (from EDF to government), we will.”
Flanked by Jean-Bernard Lévy, the EDF chief executive under fire from French unions and his own former finance director, Macron added: “If you believe in nuclear, you cannot say that you will not participate in the biggest nuclear project in the world. Not doing Hinkley Point would be a mistake.”
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