U.K., EDF close to deal on building new nuclear reactors

The government of the U.K. and Electricite de France (EDF) are close to brokering a $22.4 billion deal that would allow EDF to build and operate new nuclear reactors at the Hinkley Point plant.

The two groups have reportedly agreed on a “strike price,” or the guaranteed price at which EDF would sell the power from the reactor.

The strike price offers the EDF certainty on future revenue from new power plants, and also makes it easier to bring in additional partners to share costs, the article said. It reportedly revolves around 143.99-$151.99 per MWh.

Negotiations are ongoing between EDF and Chinese group China Guangdong Nuclear Power Holding Co., the article said. EDF had been in talks with CGNPC for nearly a year.

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