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EDF chief says Hinkley Point decision could come before summer at the earliest | EDF chief says Hinkley Point decision could come before summer at the earliest |
(6 days later) | |
The chief executive of French energy giant EDF said the company “can’t afford to keep the UK waiting” and hinted a decision regarding the Hinkley Point C nuclear project in Britain could be reached before the summer. | The chief executive of French energy giant EDF said the company “can’t afford to keep the UK waiting” and hinted a decision regarding the Hinkley Point C nuclear project in Britain could be reached before the summer. |
Vincent de Rivaz appeared before the Energy and Climate Change Committee alongside Humphrey Cadoux-Hudson, EDF’s managing director, Nuclear New build. | Vincent de Rivaz appeared before the Energy and Climate Change Committee alongside Humphrey Cadoux-Hudson, EDF’s managing director, Nuclear New build. |
Asked if it was conceivable that a final decision on Hinkley could be taken before France’s August holiday, Vincent de Rivaz first said he wanted a final decision to be taken “the sooner, the better – and that is part of the ‘sooner scenario’.” | Asked if it was conceivable that a final decision on Hinkley could be taken before France’s August holiday, Vincent de Rivaz first said he wanted a final decision to be taken “the sooner, the better – and that is part of the ‘sooner scenario’.” |
The project, estimated to cost £18 billion, was announced in October 2013. It is expected to produce seven per cent of UK's electricity once put into place, but a final investment decision has been delayed as EDF secures partners and financing. | The project, estimated to cost £18 billion, was announced in October 2013. It is expected to produce seven per cent of UK's electricity once put into place, but a final investment decision has been delayed as EDF secures partners and financing. |
French trade unions have called for a delay of two to three years due to concerns over the impact of the company’s finances if the development was to go ahead. | French trade unions have called for a delay of two to three years due to concerns over the impact of the company’s finances if the development was to go ahead. |
“I am not here to pull the plug, the project still continues,” he reassured the Committee. | “I am not here to pull the plug, the project still continues,” he reassured the Committee. |
The chief executive also said the EU referendum is not likely to delay the consultation. | The chief executive also said the EU referendum is not likely to delay the consultation. |
Emmanuel Macron, French Economy Minister, confirmed that the French government, which owns 80 per cent of EDF, was behind the project. In a separate letter addressed to MPs he said he was confident a final investment decision could be made rapidly once the central works committee consultation was over. | Emmanuel Macron, French Economy Minister, confirmed that the French government, which owns 80 per cent of EDF, was behind the project. In a separate letter addressed to MPs he said he was confident a final investment decision could be made rapidly once the central works committee consultation was over. |
But Energy minister Andrea Leadsome said the UK will meet its carbon targets regardless of Hinkley. | But Energy minister Andrea Leadsome said the UK will meet its carbon targets regardless of Hinkley. |
“Hinkley will re-awken the UK nuclear supply chain but it isn’t the only game in town,” Leadsome said. | “Hinkley will re-awken the UK nuclear supply chain but it isn’t the only game in town,” Leadsome said. |