Electricite de France SA’s deal with the U.K. to build the nation’s first new nuclear plant in two decades will be probed by the European Union once an agreement is struck and regulators are informed, the EU’s antitrust chief said.
“The U.K. government has announced to us that they will notify in the coming months a program linked with investments in nuclear energy, in new plants,” Joaquin Almunia, the EU’s competition commissioner, said in the margins of a conference in Florence, Italy. “Once this notification will take place we will need to assess if this scheme, this program complies or not” with the EU’s rules.
EDF’s plans to build two Areva SA (AREVA) reactors at Hinkley Point in southwest England hinge on the price it will get for the power.
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