Point C decision nears: final go-ahead expected next Thursday
energy giant EDF will make its long-awaited final investment decision
on the planned nuclear power station at Hinkley Point near Burnham-On-Sea
The company announced on Thursday night that it has called a
meeting of its board of directors in a week's time on Thursday,
The agenda includes the final investment decision for the construction
of two reactors at Hinkley Point C.
and Energy Secretary Greg Clark said: "New nuclear is an
essential part of our plan for a secure, clean and affordable
energy system that will power the economy throughout this century.
This is a welcome decision from EDF, and we look forward to the
An EDF spokesman said: "The Hinkley Point C project is a
major element of the Group's CAP 2030 strategy. The two EPR reactors
at 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."
"Hinkley Point C would also enable the Group to mobilise
all its significant nuclear engineering skills following the final
investment decision. The first concrete of reactor 1 of Hinkley
Point C, scheduled for mid-2019, would coincide with perfect continuity
with the start-up of the EPR at Flamanville, scheduled for the
end of 2018."
"This project has been the subject since 2013 of a significant
sharing of information with employees and their representatives,
illustrating the commitment of the company to quality social dialogue."
"In line with this, EDF announced on April 22, 2016, that
the Central Works Council would be consulted on the terms of the
partnership with the CGN Group for the Hinkley Point C project,
in the framework of an information and consultation process which
began on May 2 and which concluded on July 4, 2016."
final decision has been repeatedly delayed amid doubts over the
viability of the project, even as the utility formed a partnership
with China General Nuclear Power Corp and secured guaranteed power
prices from the UK government at about twice the current market
rate for 35 years.
this month, EDF said it was still backing the project despite
Britain's decision to leave the European Union. The then
Secretary of State for Energy Amber Rudd also confirmed the project
would still go ahead after talks with EDF.
But doubts have dogged the plans for the £18 billion project
and several delays to a final decision have raised further questions.
Hinkley Point C would be a crucial part of the UK's future energy
mix, providing 7% of the country's total electricity needs when
up and running in 2025. It is expected to create 25,000 jobs.