In this Tuesday, Feb 5, 2013 file photo, the EDF tower of French state-owned power giant Electricite de France (EDF), is seen in the La Defense business district, west of Paris. (AP Photo/Jacques Brinon, File)
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French energy giant EDF's board approved Thursday the building of a nuclear power station in Britain, a source close to talks said, in a project which critics fear could bankrupt the French utility.EDF's directors had been deeply divided over the planned construction of two nuclear reactors at Hinkley Point in southwest England for £18 billion (21.4 billion euros, $23.8 billion).Weighing on its viability is the decision of French nuclear company Areva to drop out because of financial difficulties and the subsequent takeover of Areva's obligations by EDF at the behest of the French government, which owns 85 percent of EDF.Earlier this week, the French government said it would foot three billion euros of a four-billion capital increase by EDF.The French government has been doggedly determined to get Hinkley Point approved as it sees the project as crucial for the long-term viability of France's nuclear industry, which employs 220,000 people.
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