BRUSSELS (Reuters) – EU competition regulators on Friday approved Belgium’s plan to grant state aid to French energy company Engie’s Belgian unit to extend the lifespan of two nuclear reactors, closing an in-depth investigation opened last July.
Belgium and Engie had clinched a deal in December 2023 last year for the lifetime extension of the nuclear reactors Doel 4 and Tihange 3 to preserve the security of electricity supply in Belgium and neighbouring countries.
The reactors are majority-owned by Engie’s Belgian unit Electrabel while EDF subsidiary Luminus holds a minority stake.
“The Commission concluded that the aid is necessary and appropriate to achieve the objective pursued, as well as proportionate as it is limited to the minimum necessary, while competition distortions caused by the measure are minimised,” the Commission said in a statement.
“On this basis, the Commission approved the Belgian measure under EU state aid rules.”
(Reporting by Benoit Van Overstraeten; Editing by Dominique Vidalon)
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Publish date : 2025-02-21 02:49:00
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