EDF final investment decision to be announced in May

EDF’s final investment decision on Hinkley Point will now take place in May according to a French minister.

French economy minister Emmanuel Macron says EDF will now make a final investment decision on the Hinkley Point C nuclear reactor in early May.
A decision on the à‚£18bn nuclear plant had widely been expected on 30 March but has been subject to delays as EDF, which is 85% French state owned, has yet to outline how it will fund the project.

Speaking before the French parliament’s Economic Affairs Committee, Mr Macron also said it was unlikely EDF would choose not to take part in the project.

“The principal nuclear project in the developed world is Hinkley Point,” Mr Macron said.

“Can we legitimately choose not to take part in the largest nuclear project in the developed world? For my part, I don’t think so.”

Meanwhile the chief executive of EDF Energy told a parliamentary body in the UK that the project will definitely go ahead.

“Clearly and categorically, Hinkley Point C will go ahead,” de Rivaz said speaking in front of parliament’s energy and climate change committee.

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