Electrabel brings nuclear piggy bank to Belgium | Economy

The capital is placed in the Belgian Nuclear Liabilities Fund (BNLF), which could grow into the largest investment fund in the country. By early 2022, the portfolio will already amount to 6 billion euros, the newspaper learned. Through diversified investments, the Belgian fund must create sufficient returns to finance nuclear waste management in the coming decades.

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The multi-billion-dollar operation fits in with the redesign of Electrabel’s nuclear piggy bank Synatom, which at the end of last year contained nuclear facilities worth 13.8 billion euros. EUR 6 billion of this is intended to finance the decommissioning of nuclear power plants and EUR 7.8 billion will go to spent fuel management and the disposal of nuclear waste.

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