First New European Nuclear Plant Since Fukushima

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Britain Nuclear Power

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Britain signed a deal with France's EDF to build a 16-billion pound ($26-billion) nuclear plant, becoming the first European country to provide state guarantees to help fund a nuclear project.The Hinkley Point C project in southwest England, the first new European nuclear plant since the Fukushima crisis, is expected to start producing power from 2023 and will receive a guaranteed electricity "strike" price of 92.50 pounds ($150) per megawatt-hour for 35 years, more than twice the current market rate, EDF and the British government said on Monday.

Reporting by REUTERS.

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