blow to EDF's Hinkley plans as French watchdog issues warning
state audit body has said that EDF Energy should ask itself "serious
questions" before moving ahead with the huge multi-billion
pound project to build Hinkley Point C near Burnham-On-Sea.
The Cour des Comptes said on Thursday that the "complexity
of both funding and carrying out" the £18bn project
should lead to the nuclear group and the French state asking if
it is the right plan.
regulators comments add to the voices opposed to the controversial
nuclear deal, just days after EDF chief financial officer Thomas
Piquemal resigned over concerns that Hinkley Point C could threaten
the companys future.
Cour des Comptes, a public spending watchdog, did not say that
the Hinkley project is a mistake and made supportive points as
well, praising in particular the high guaranteed electricity price
- or strike rate - agreed with the government.
criticisms contained in the report will not be welcomed by EDF,
which is close to making a final investment decision which will
then commit it to spending around €15bn over 10 years.