EDF are requesting a guarantee from the British Treasury to cover some of the costs of the new nuclear reactors to be built at Hinkley, Somerset, England.

The UK government has previously stated that it would not provide public subsidies for the nuclear sector.
Hinkley Point Nuclear
Talks between EDF and the government are at an early stage and formal discussions would start only once the two sides had agreed on a fixed price for the nuclear power generated at Hinkley.

The Financial Times reports that EDF is asking the government to underwrite some of the project’s financing, which could make it more attractive to third-party financial investors such as pension funds, rather than the construction risk.

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