Belgium And Engie Extend Deadline For Agreement On State Takeover Of Nuclear Assets

Joint statement points to ‘complexity and scale’ of proposed transaction

Belgium And Engie Extend Deadline For Agreement On State Takeover Of Nuclear Assets
The three-unit Tihange nuclear power station, where one unit remains online and two are shut down. Courtesy Engie.

The Belgian state and France-based energy giant Engie have agreed to push back the deadline for negotiations on a possible takeover of Belgium’s nuclear power stations until 12 December.

The prime minister, the energy minister and Engie announced the decision in a joint statement on Wednesday evening (4 November).

The federal government announced in April that the Belgian state and Engie would begin negotiations on a possible takeover by Belgium of Engie's nuclear assets in ​Belgium.

The ​proposed ⁠transaction would cover all nuclear activities currently owned and ​operated by Engie and its ​Electrabel ⁠unit, including Belgium’s seven large-scale commercial nuclear reactors, five of which have been shut down, but could potentially be restarted.

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