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US Private Equity Giant Apollo will provide £ 4.5bn of debt financing to support Point Nuclear in UK financial financial financial development of flagship.
The financial grade of investment is provided as an uncertain debt at an interest rate below 7 percent, people familiar with what it says.
The fund can be used for other UK projects through the best Group Comcicity Group Edf, but Hinkley’s point is expected to be the main target for the debt package.
Financing meets a key fund gap for nuclear project, suffering frequent cost overruns. Expected to cost £ 18bn and finish at 2025 but the estimated cost changes almost £ 46bn and the start of its date returned to 2029.
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