The latest EDF annual results have given a boost of confidence to the French and UK nuclear power industries, but the French state-owned power company reported a €13bn ($14bn) funding gap caused by the delayed completion of Hinkley Point C in the UK, raising again the issue about potential UK government loan guarantees for the project.
Last week, the French finance minister asked the UK government to take on a greater share of the costs and consider loan guarantees for the outstanding amount of the project, which is facing delays and cost overruns.
A UK nuclear industry expert told NucNet on 21 February that there is a precedent for such loan guarantees in that the French government has given loan guarantees for a previous overseas nuclear power project in Finland.
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