Reports have suggested that the EU Competition Commissioner Joaquin Almunia is satisfied that the revised deal meets EU rules on state support and will propose the project is approved before the end of this Commission’s mandate in November.
Almunia had been scrutinising the proposed Hinkley Point plant since December and had initially raised serious concerns that over £17.6bn of potentially wasteful public guarantees to developer EDF Energy may constitute illegal state aid.
However,
