Tuesday 4 June 2013

New Nuclear - Nearly There?

Word on the street is that Cameron's meeting with Hollande a couple of weeks ago stitched up a couple of  "scratch my back and I'll scratch yours" deals and that a notable beneficiary of the new friendliness between the big boys is EDF - or more specifically EDF's nuclear ambitions in the UK.

There's still the issue of financing the project to be overcome - EDF has a rather rocky balance sheet but it looks a though some risk sharing with construction partners might just smooth away that issue.

And then, of course, there's the strike price to settle on. Both sides are in an "interesting" place on this one. HMG must be seen to be being tough in its negotiations. EDF desparately wants the project. Look for last minute concessions on the strike price here.

Watch this space.

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