Saturday 30 October 2010

Renewable funds financed by the nuclear operators

At the end of 2009, the federal government requested from the nuclear operators (GDF Suez/Electrabel and EDF/SPE) to set up a fund with a working capital of EUR 250M for the support of renewable energy.

It turns out that both operators have each set up a fund.

The GDF Suez/Electrabel fund, BELGreen, has a working capital of EUR 213,300,200. GREENSTREAM is the fund of the EDF group, with a working capital of EUR 20,000 to be increased to EUR 36,699,800.

Four independent directors in the board of these funds and the government representative to these funds cannot be appointed in the absence of a new federal government.
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