nuclear-news

EDF Seeks to Raise Up to £4 Billion to Help Fund Construction of UK’s Hinkley Nuclear Plant

• Company is talking to funds for a stake sale in Hinkley Point
• EDF would reimburse investors if the nuclear project fails

Electricite de France SA is holding talks with investors over funding for
the Hinkley Point C nuclear power plant under construction in the UK, as
the French utility grapples with the ballooning cost of the project.

EDF is seeking to raise as much as £4 billion ($5.2 billion) through a bespoke
financial instrument which would give investors a stake in the Hinkley
project, people familiar with the matter said asking not to be named
because the discussions are private. Investors would be reimbursed if the
construction isn’t completed, one of the people said.

 Bloomberg 10th Oct 2024

https://www.bloomberg.com/news/articles/2024-10-10/edf-looks-for-fresh-4-billion-to-fund-costly-hinkley-uk-nuclear-plant

October 13, 2024 - Posted by Christina Macpherson | business and costs, UK