Free Trial

EU Probes Investigation Into Belgian Nuclear Aid

POWER

The EU has launched an investigation into Belgian state support given to extend the lifespan of its 1GW Doel 4 and 1GW Tihange 3 nuclear reactors by 10 years, citing that the package could be a break of EU state aid rules, it said.

  • The aid package includes €2bn in shareholder loans and equity for Electrabel, a €580mn loan, and a €15bn lump sum liability transfer.
  • The reactors are co-owned by Electrabel, a subsidiary of Engie S.A, with a 89.8% share, and Luminus, a subsidiary of EDF, with a 10.2% share.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.