11/27/2024

Sources Say France is Weighing Zero-interest Loan for Six Nuclear Reactors

This action would clear a major hurdle for one of the nation's biggest projects

French officials are drawing up plans to provide an interest-free loan to state-owned power utility EDF to finance a significant portion of the construction of six new nuclear reactors, two people familiar with the matter said.

The financing would clear a major hurdle for one of the country's biggest public projects in years.

The plans are similar to financing agreed recently for a single reactor in the Czech Republic; although the size of the loan is not yet known, it shows the growing need for state support in financing new nuclear projects in Europe.

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