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POWER: French Officials Plan Interest-free Loan for EdF's 6-reactor project

POWER
CEEMEAEurozoneEnergy BulletsFranceBulletPower BulletsCommodities

French officials are planning to provide state-owned EdF with an interest-free loan to help finance the construction of six new nuclear reactors (10GW), with the loan expected to be finalised by next year, according to the officials, cited by Reuters.

  • The financing plan includes a long-term CfD to guarantee power prices. Construction of the first reactor is due to start in 2027 and cost around €52bn.
  • Discussions are ongoing regarding the amount of the loan, risk-sharing between EdF and the state.
  • The loan aims to address EdF’s high debt and the significant cost of the projects. The proposal is pending approval from the French financial minister and the EC.
  • The financing discussions come as the French government faces a no-confidence vote over its budget, which includes spending cuts and tax hikes to address rising national debt.
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French officials are planning to provide state-owned EdF with an interest-free loan to help finance the construction of six new nuclear reactors (10GW), with the loan expected to be finalised by next year, according to the officials, cited by Reuters.

  • The financing plan includes a long-term CfD to guarantee power prices. Construction of the first reactor is due to start in 2027 and cost around €52bn.
  • Discussions are ongoing regarding the amount of the loan, risk-sharing between EdF and the state.
  • The loan aims to address EdF’s high debt and the significant cost of the projects. The proposal is pending approval from the French financial minister and the EC.
  • The financing discussions come as the French government faces a no-confidence vote over its budget, which includes spending cuts and tax hikes to address rising national debt.