EDF Energy is locked in secret negotiations with the Treasury over the fee to secure a crucial £10billion government guarantee for the French group’s Hinkley Point nuclear reactor project. The Treasury has demanded that EDF Energy pay between £225 million and £250million, the minimum it believes to be deemed a commercial rate. Officials argued that if payment was set any lower, the guarantee scheme would risk falling foul of European state aid laws. Whitehall sources insisted that the negotiations were unlikely to scupper the £16 billion project to build the UK’s first new nuclear reactor in a generation.
From The Times Business 9th June 2014