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The Penly site in Normandy, northern France, where the first pair of EPR2 reactors is planned (Image: EDF)France's Nuclear Policy Council - headed by President Emmanuel Macron - has agreed that a subsidised government loan should be issued to state-owned power utility EDF to cover at least half the construction costs of six EPR2 reactors.In February 2022, Macron announced that the time was right for a nuclear renaissance in France, saying the operation of all existing reactors should be extended without compromising safety and unveiling a proposed programme for six new EPR2 reactors, with an option for a further eight EPR2 reactors to follow. The first three pairs of EPR2 reactors are proposed to be built, in order, at the Penly, Gravelines and Bugey sites. Construction is expected to start in 2027. The cost was originally estimated at EUR51.7 billion (USD56.4 billion), but this was revised to EUR67.4 billion in 2023.The EPR2 reactor is a pressurised water reactor project developed by EDF and Framatome. It meets the general safety objectives of the third generation of reactors. Its aim is to incorporate design, construction and commissioning experience feedback from the EPR reactor, as well as operating experience from the nuclear reactors currently in service.At a 17 March meeting, the Nuclear Policy Council (CPN) "examined the main principles of the financing and regulatory framework" for the construction of the six EPR2s,...