French government to sell assets to finance Hinkley C?

“The French government owns 86% of EDF, the company behind the nuclear power project, and has agreed to pay €3bn of a capital injection plan that was announced last month.

In October EDF struck a deal with China General Nuclear Power Corporation, which agreed to pay a third of the total cost of the project in return for a 33.5% stake.

Hinkley Point was supposed to start producing power by 2023, but French giant EDF, which is leading on the project, is reportedly struggling to raise the cash for its 66.5% stake.

According to the Financial Times, there are plans in place to sell airports in Nice and Lyon to help finance the deal.

Shares in Renault and Safran, the aerospace and defence group, could also be sold.

A spokesman for the French government did not comment yesterday.”