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EU to launch probe into British nuclear state aid next week
EU to launch probe into British nuclear state aid next week - sources
BY FOO YUN CHEE AND KAROLIN SCHAPS
BRUSSELS/LONDON Thu Dec 12, 2013 3:37pm GMT
(Reuters) - The European Commission will open an investigation next week into planned British support for a new nuclear power plant, three people familiar with the matter said, in a precedent-setting case for future nuclear funding in Europe.
...Britain is the first European member state to request approval for government support for nuclear power. The Commission's verdict is expected to determine how other states regulate nuclear support in future.
...The British government in October agreed commercial terms with EDF for the firm to build a nuclear plant at Hinkley Point expected to cost 16 billion pounds ($26.2 billion).
...If the Commission refuses state aid approval, the Hinkley Point project could fail, threatening the British government's long-term energy and environmental plans which call for nuclear power.
"The project could not proceed," an EU diplomatic source said ...
BY FOO YUN CHEE AND KAROLIN SCHAPS
BRUSSELS/LONDON Thu Dec 12, 2013 3:37pm GMT
(Reuters) - The European Commission will open an investigation next week into planned British support for a new nuclear power plant, three people familiar with the matter said, in a precedent-setting case for future nuclear funding in Europe.
...Britain is the first European member state to request approval for government support for nuclear power. The Commission's verdict is expected to determine how other states regulate nuclear support in future.
...The British government in October agreed commercial terms with EDF for the firm to build a nuclear plant at Hinkley Point expected to cost 16 billion pounds ($26.2 billion).
...If the Commission refuses state aid approval, the Hinkley Point project could fail, threatening the British government's long-term energy and environmental plans which call for nuclear power.
"The project could not proceed," an EU diplomatic source said ...
http://uk.reuters.com/article/2013/12/12/uk-eu-britain-nuclear-idUKBRE9BB07B20131212
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