France to finance loan for new reactors from state bank savings fund, Elysee says

PARIS, March 12 (Reuters) - France will use the state-backed Caisse des Depots (CDC) bank's savings fund to finance a subsidized loan that will cover 60% of the construction cost of six new nuclear reactors, said the French presidency on Thursday, after President Emmanuel Macron held a meeting of the nuclear policy council.

The council also noted state-owned utility EDF aims to take a final investment decision on the reactors by the end of 2026, and requested all government departments and EDF to take necessary steps to finalize discussions with the European Commission to help it meet this timeframe.