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21.03.2016 16:30
French Government Ready to Recapitalise Energy Giant EDF If Needed
Last month, the government accepted dividend payments in shares rather than cash, saving EDF some EUR 1.8 billion
AUTHOR: publics.bg


  • © EDF

The French government stands ready to inject fresh capital into energy giant EDF if necessary, Economy Minister Emmanuel Macron said on Thursday, as quoted AFP.

"If there is a need to recapitalise, we will do so," Macron said during a visit at the Civaux nuclear station in central France.

EDF, 84-percent owned by the French state, has reportedly asked the government to help it finance a contested plan to build a next-generation power plant in Britain.

French leaders have publically thrown their support behind the EUR 23-billion project at Hinkley Point in southwest England despite growing concern over its price tag that reportedly prompted EDF's finance chief to quit, nuclearpowerdaily.com wrote.

Last month, the government accepted dividend payments in shares rather than cash, saving EDF some EUR 1.8 billion.


TAGS: EDF | financing | dividend | Hinkley Point | nuclear | energy 


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