eu clears frenchchinese tieup for uk nuclear plant
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

EU clears French-Chinese tie-up for UK nuclear plant

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleEU clears French-Chinese tie-up for UK nuclear plant

Hinkley Point, which EDF will build in partnership with CGN
Brussels - AFP

EU anti-trust regulators on Thursday cleared a partnership between French power company EDF and Chinese nuclear firm CGN to build nuclear power plants in Britain, including the controversial Hinkley Point project.

Hinkley Point, which EDF will build in partnership with CGN, will be Britain's first nuclear power plant in decades and one of the world's most expensive, with a projected cost of £18 billion (23.2 billion euros, $25.5 billion).

"The Commission's investigation found that competition in the wholesale supply of electricity in the UK will not be hindered by the transaction given the moderate market share of EDF, the very limited market shares of CGN in this market and the presence of other competitors," the European Commission said in an email sent to AFP.

The decision comes just days after the shock resignation of EDF's finance chief which sparked heightened concerns over the financial viability of the Hinkley Point C project in Somerset, southwest England.

Hinkley Point is to provide seven percent of Britain's energy needs by 2025.

EDF has yet to give its final green-light to the enormous project, but French President Francois Hollande and British Prime Minister David Cameron pledged their support for the project at a summit last week.

EDF is 84.5-percent owned by the French state.

In a contested decision in 2014, the European Union already approved the project's complicated funding, sidelining concerns about whether aspects of the deal amounted to state subsidies.

The project encountered fierce resistance from activists and several member states at the time, but a vote by the bloc's 28 commissioners narrowly backed the deal.

 

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eu clears frenchchinese tieup for uk nuclear plant eu clears frenchchinese tieup for uk nuclear plant

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 05:43 2016 Thursday ,23 June

Copa America:Chile vs. Colombia

GMT 02:32 2017 Tuesday ,28 February

Film on Syria's White Helmets wins Oscar

GMT 15:02 2016 Thursday ,15 December

Kanye emerges from hospital to meet Trump

GMT 08:35 2017 Wednesday ,26 July

Top EU court upholds Hamas terror listing

GMT 12:43 2012 Tuesday ,17 January

Ice-locked Nome finally gets tanker fuel

GMT 05:25 2016 Sunday ,08 May

Leicester collects Premier League trophy

GMT 12:16 2015 Friday ,01 May

Damanhur festival shows Egypt stable, safe

GMT 14:29 2015 Monday ,29 June

Armed men attack Mali's southern town of Fakola

GMT 14:40 2016 Monday ,07 November

Lamjarred may be temporarily released

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 15:26 2017 Monday ,03 April

Palestinian detainees suffer under occupation

GMT 18:34 2017 Wednesday ,27 December

Shaath reveals opening date of Metro third line
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle