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Hinkley Point nuclear plant 'to get EU state aid approval'
Plans to build Britain's first new nuclear plant in a generation at Hinkley Point in Somerset are likely to gain EU state aid approval within weeks, according to reports.
The European Commission has been examining the proposed £16bn project since December amid concerns the UK has offered developer EDF Energy excessively generous subsidies.
...snip...
But after months of deliberation regulators are now set to approve the project, Reuters reported, citing several unnamed sources. An approval would come in the context of heightened fears over Europe's energy security in the wake of the Ukraine crisis and Russian threats to cut off gas supplies to Europe.
...snip...
However, Reuters also reported sources saying that while the recommendation would be positive, it would come with "a number of conditions", and that regulators were still awaiting further information from the UK before taking their decision.
http://www.telegraph.co.uk/finance/newsbysector/energy/11107472/Hinkley-Point-nuclear-plant-to-get-EU-state-aid-approval.html
The European Commission has been examining the proposed £16bn project since December amid concerns the UK has offered developer EDF Energy excessively generous subsidies.
...snip...
But after months of deliberation regulators are now set to approve the project, Reuters reported, citing several unnamed sources. An approval would come in the context of heightened fears over Europe's energy security in the wake of the Ukraine crisis and Russian threats to cut off gas supplies to Europe.
...snip...
However, Reuters also reported sources saying that while the recommendation would be positive, it would come with "a number of conditions", and that regulators were still awaiting further information from the UK before taking their decision.
http://www.telegraph.co.uk/finance/newsbysector/energy/11107472/Hinkley-Point-nuclear-plant-to-get-EU-state-aid-approval.html