Brussels approves compensation plan for Belgian nuclear plants

The European Commission has approved Belgium’s plans to for potential financial risks linked to the long-term operation of three nuclear reactors.
By Staff reporter 17 March 2017 0 25101

The European Commission has approved Belgium’s plans to compensate Engie-Electrabel and EDF Belgium for potential financial risks linked to the long-term operation of three nuclear reactors in the country, it said on Friday.

Belgium concluded two agreements in 2014 and 2015 to prolong the operational lifetime of the Doel 1 and 2 nuclear reactors – owned solely by Engie-Electrabel – and Tihange – which Engie-Electrabel co-owns with EDF Belgium.

Under the agreements, the companies have committed to invest around €1.3 billion ($1.4 billion) in exchange for the...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up