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Austria will challenge the 'bad precedent' in the EU court (Photo: Nicholas Sideras)

EU lets UK subsidise nuclear power plant

by Peter Teffer, Brussels,

The European Commission is allowing the UK to subsidise the construction of a nuclear power plant which is to account for 7 percent of the country's electricity needs.

The UK has revised its scheme in such a way that the subsidies are “in line with EU state aid rules”.

The €17 billion plant, Hinkley Point C, is to be built in Somerset in south-west England, at the site of its sister plants Hinkley Point A and B. It should start operating in 2023, for 60 years.

The decision i...

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Austria will challenge the 'bad precedent' in the EU court (Photo: Nicholas Sideras)

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