The French government is pushing British ministers to provide loan guarantees for Hinkley Point C to try to ease EDF’s financing costs on Britain’s new flagship nuclear power station as its price tag has soared. Until now, the project has been equity-funded by EDF and CGN, the Chinese junior partner in the scheme. CGN has ceased contributing to the overruns, having already fulfilled its contractual obligations, after the UK government took steps to push the Chinese company out of the … read more »
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