France Eyes Zero-Interest Loan for EDF's €50B Nuclear Expansion

Nov 27, 2024, 01:37 PM

France is exploring a financial strategy to support the construction of six new nuclear reactors by Electricite de France SA (EDF), with sources indicating that the government is considering a zero-interest loan for this purpose. The move aims to address EDF's financing challenges, which include high debt and project delays. The project is estimated to cost over €50 billion, highlighting the significant investment required to expand France's nuclear energy capacity.