Hinkley Point C nuclear project decision set for next week

Sign for Hinkley Point C nuclear power plant

EDF is to consider a final investment decision on the Hinkley Point C nuclear power project next week.

Reuters reported late on Thursday evening that the French utility announced a board meeting for July 28th at which the decision will be again examined. The decision has been frequently delayed.
Hinkley Point C
The company’s management are keen for the project to proceed with their European Pressurised Reactor (EPR) technology seen as vital to the country maintaining its expertise in nuclear technology.

However the union membership on EDF’s board believe the investment is too risky and want the decision postponed until the company’s finances are in a better footing. EDF’s finances are severely stretched already by its absorption of loss-making nuclear plant builder Areva.

In a statement, EDF said that if approved, the first concrete for the reactors, scheduled for mid-2019, would coincide with the start-up of its other EPR project in Flamanville, northern France, scheduled for the end of 2018.

Hinkley Point would strengthen EDF’s presence in Britain, a country where its subsidiary EDF Energy already operates 15 nuclear reactors and is the largest electricity supplier by volume. [It] would also enable the group to mobilise all its significant nuclear engineering skills following the final investment decision,” the French state-backed utility said in a statement.

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