Article 6RC99 EDF ‘seeks to raise up to £4bn to finish delayed Hinkley Point C’

EDF ‘seeks to raise up to £4bn to finish delayed Hinkley Point C’

by
Jillian Ambrose
from World news | The Guardian on (#6RC99)

French energy firm has reportedly approached investors to help cover ballooning cost of constructing nuclear plant

French energy company EDF is reportedly in talks with investors to raise up to 4bn to finish the delayed Hinkley Point C project in Somerset, Britain's first new nuclear reactor in a generation.

The utilities company, owned by the French state, has approached investors to help cover the ballooning cost of constructing the nuclear plant, which is understood to have reached almost 50bn due in part to supply chain issues and struggles securing skilled engineers, according to Bloomberg.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments