© Reuters. FILE PHOTO: A flag with the company logo of Electricite de France (EDF) and a French flag fly next to the EDF power plant in Bouchain, near Valenciennes, France, September 29, 2021. REUTERS/Pascal Rossignol/File Photo
LONDON (Reuters) – EDF (EPA:) and Credit Agricole (OTC:) said on Friday they had signed a 1 billion euro ($1.04 billion) loan to finance the maintenance of nuclear power plants in France.
The loan is part of EDF’s major refit programme to improve the security and extend the operating life of nuclear reactors beyond 40 years.
The deal is the first transaction in which the funds will be entirely dedicated to investments in EDF’s nuclear activities, Credit Agricole and EDF said in a statement.
($1 = 0.9630 euros)
Be the first to comment