Monday 25 April 2016

Hinkley nuclear investment decision delayed again

Hinkley nuclear investment decision delayed again

The final investment decision on the Hinkley Point C nuclear plant in the UK has been pushed back again.

EDF will now make the decision on whether to go ahead with the reactor project in September, France’s Economy Minister Emmanuel Macron told a French news outlet.

The news comes after he previously said a decision on the £18 billion plant would be made in early May.

Mr Macron said some conditions must be in place before EDF could proceed with the project in Somerset, including an improvement in the energy giant’s financial position and consultation with trade unions in France.

While EDF told ELN it wouldn’t comment on Mr Macron’s statement on the decision being delayed, it said: “The Board has decided to undertake a formal, non-binding consultation process with the Comité Central d’Enterprise [CCE].

“This is well understood statutory process of 60 days and the company will work with the CCE to define the detailed steps to reach a conclusion this summer.”

Last month EDF chief Vincent de Rivaz insisted EDF is committed to the project.

The Hinkley Point C nuclear power plant could generate 7% of electricity for the UK and create around 25,000 jobs.

EDF previously set a date to start producing power in 2025.

A DECC spokesperson said: “The final investment decision is a commercial matter for EDF. However, the British Government and EDF are both clear that Hinkley will go ahead.”

Last week Energy Secretary Amber Rudd said a delay or cancellation of the project could lead to an increase in energy bills and jeopardise the nation’s decarbonisation targets.

Written by

Bruna Pinhoni

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