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UK, EDF may reach deal on Hinkley Point nuclear reactors

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The government of the United Kingdom and Electricite de France SA (EDF) are close to brokering a 14 billion pound ($22.4 billion) deal that would allow EDF to build and operate new nuclear reactors at the Hinkley Point plant, according to MarketWatch.

The two groups have reportedly agreed on a “strike price,” or the guaranteed price at which EDF would sell the power from the reactor, the article said. The strike price gives the French utility certainty on future revenue from new power plants, and also makes it easier to bring in additional partners to share costs, the article said. It reportedly revolves around 90-95 pounds ($143.99-$151.99) a megawatt-hour.

However, negotiations are ongoing between EDF and Chinese group China Guangdong Nuclear Power Holding Co., the article said. EDF had been in talks with CGNPC for nearly a year.

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