Austria sees red over UK nuclear plant at Hinkley Point as it accuses EU of misinterpreting the rule
Source: Financial Mail on Sunday
Austria is set to accuse the European Commission of misinterpreting the rules over state aid after it gave the go-ahead to Britains planned £18billion nuclear power station at Hinkley Point in Somerset.
The country opposed the ECs clearance of the scheme last week and said EC competition law allowed for state aid in energy to be proportional and only for infant technologies, which was not the case with Hinkley Point, which will be built by Frances EDF.
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Austrias chancellor, Werner Faymann, has written to EC president Jose Manuel Barroso warning him to expect a lawsuit at the highest court, which would be the European Court of Justice.
Alternative forms of energy are worthy of subsidies, not nuclear energy, he said
Read more: http://www.thisismoney.co.uk/money/news/article-2789329/austria-sees-red-uk-nuclear-plant-hinkley-point.html