- Credit Agricole and EDF sign a 1 billion euro loan.
- The loan is part of EDF’s major refit programme to improve the security of nuclear reactors.
On Friday, EDF and Credit Agricole released a statement that they had signed a 1 billion euro ($1.04 billion) loan to finance the maintenance of nuclear power plants in France.
The loan is part of EDF’s major refit programme to improve the security and extend the operating life of nuclear reactors beyond 40 years.
In the statement released by Credit Agricole and EDF, the deal is the first transaction in which the funds will be entirely dedicated to investments in EDF’s nuclear activities.