Brussels approves compensation plan for Belgian nuclear plants

By Staff reporter 17 March 2017

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...

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