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£4.5bn loan powers nuclear station plan

The Journal

June 24, 2025

US private capital group Apollo Global is set to back Somerset's Hinkley Point C nuclear power station with a £4.5bn loan.

- GUY TAYLOR

The loan will be provided as unsecured debt to EDF, the French state-owned energy firm delivering the project, at an interest rate of just under 7%, according to sources who spoke to the FT.

While the funding could theoretically be used for other UK projects by EDF, it's expected that Hinkley Point C will be the main beneficiary.

The nuclear power plant in Somerset has been plagued by cost overruns and delays since it received government approval in 2016.

Cette histoire est tirée de l'édition June 24, 2025 de The Journal.

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