Thu, Jul. 28, 1:39 PM
- Electricite de France (OTC:ECIFF) has approved construction of the £18B Hinkley Point project, which would be the U.K.'s first nuclear power plant in 20 years, Financial Times reports.
- The board OKd the long-delayed project despite opposition from within the company, and one board member resigned in protest.
- Pending final sign-off by the British government, which already has agreed to underwrite the project with a guaranteed price for the electricity it produces, construction could begin within weeks.