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France's Biggest Retail Bank sponsors nuclear power plants



French electricity group EDF and the France's largest retail bank Crédit Agricole have signed a loan agreement worth 1 billion euros ($1.04 billion) to finance the maintenance of nuclear power plants in France.  

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French electricity group EDF and the France's largest retail bank Crédit Agricole have signed a loan agreement worth 1 billion euros ($1.04 billion) to finance the maintenance of nuclear power plants in France.  

The loan is part of EDF's large-scale infrastructure upgrade program to improve security and extend the operational life of nuclear reactors to more than 40 years.

France's Biggest Retail Bank sponsors nuclear power plants

ph: Crédit Agricole


The agreement is the first transaction in which funds will be devoted entirely to EDF's investments in nuclear power plants.

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In September, French electricity giant EDF pledged to restart all of its nuclear reactors by this winter.

The restart of nuclear reactors is aimed at helping France overcome the energy crisis aggravated by the conflict in Ukraine.

France\'s Biggest Retail Bank sponsors nuclear power plants

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