EURATOM LOANS
November 1st, 2002
BY KEITH NUTHALL
THE EUROPEAN Commission has proposed that the EU's nuclear arm Euratom should be authorised to lend an additional Euro 2 billion to projects improving the safety or efficiency of non-EU nuclear power stations. An expected approval by ministers would raise Euratom's lending ceiling for these schemes and the financing of EU nuclear power plants from Euro 4 to 6 billion. The new money will be focused on eastern European power plants where there are concerns about safety.
THE EUROPEAN Commission has proposed that the EU's nuclear arm Euratom should be authorised to lend an additional Euro 2 billion to projects improving the safety or efficiency of non-EU nuclear power stations. An expected approval by ministers would raise Euratom's lending ceiling for these schemes and the financing of EU nuclear power plants from Euro 4 to 6 billion. The new money will be focused on eastern European power plants where there are concerns about safety.
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