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EDF boss 'confident' Hinkley Point C will go ahead

The Hinkley Point C project in Somerset will cost £18bn to build Credit: EDF Energy/PA Wire

The chairman of energy firm EDF's has said is "confident" that the Hinkley Point C nuclear power station will go ahead.

In a letter to staff, Jean-Bernard Levy, said although the financial context was "challenging", the project had the support of both the French and British governments.

I am sure that this project is a good project for the group and that in the near future, all the conditions will come together for it to be definitely launched.

– Jean-Bernard Levy, chairman and chief executive of EDF Group

He added that negotiations with the French government to secure the company's financial position were continuing and insisted EDF would not be involved until his conditions were met.

Plans for the power station in Somerset have been beset by delays and uncertainty over funding.

EDF's chief financial officer Thomas Piquemal also resignedover concerns the decision on investment at Hinkley Point C was being made too quickly, potentially threatening the firm's financial position.

On Monday, the government said it "continues to fully support the Hinkley Point C nuclear project".


EDF records £903m UK profits for first half of the year

Energy supplier EDF has recorded a £903 million UK profits haul in the first half of the year, as Britons were charged more to turn up the heating.

EDF has recorded a £903 million UK profits haul in the first half of the year. Credit: Press Association

The French-owned supplier said underlying earnings rose 2.8 percent, helped by greater gas demand from households during the coldest spring in 50 years and by selling power at higher prices on the wholesale markets.

The UK's biggest electricity generator, which supplies gas and electricity to about 3.7 million homes in the UK, hiked bills by 10.8 percent on average late last year. However, it insisted its UK retail arm continues to lose money.