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« Rick Rule: Are the Worst of Times Yet to Come? | Main | Bolivia to kick off nuclear energy program in 2014 »
Sunday
Oct052014

Austria says will sue if EU regulator clears UK nuclear plant plan

(Reuters) - Austria will take the European Commission to the European Court of Justice (ECJ) if it approves Britain's plans for a 16 billion-pound nuclear power plant, a spokesman for the chancellor said on Sunday.

The deal to pay a guaranteed price for the power produced in the plant faces opposition from a quarter of EU policymakers, who want to overturn approval from the top European regulator. A vote is expected on Wednesday.

The project, to be built by French utility EDF (EDF.PA) at Hinkley Point in southwest England, is crucial for Britain's plan to replace a fifth of its ageing nuclear power and coalplants over the coming decade while reducing carbon emissions. France sees it as a major export contract that will boost its nuclear industry.


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