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Image header Agence Europe
Europe Daily Bulletin No. 11788
Contents Publication in full By article 19 / 29
ECONOMY - FINANCE - BUSINESS / State aid

Commission approves French aid to a gas-fired power station under conditions

On Monday 15 May, the European Commission granted its conditional approval to French State aid to a gas-fired electricity power station.

The aid, of €94,000 per megawatt per year over 20 years, aims to guarantee the security of electricity supply in Brittany, thereby avoiding power cuts. The French authorities were able to prove that the aid was needed to ensure the viability of the power station, sufficient voltage levels in the electricity network in question and adequate supply for the...

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