Live updates

Hinkley C "to go ahead" despite Brexit

The boss of EDF has said that Brexit has “no impact” on the business and strategy of the company in the UK, including its plans to build a new nuclear plant at Hinkley Point.

Computer image of proposed Hinkley C Credit: EDF

"As of today, we believe that this vote has no impact on our strategy, and the strategy (...) for our UK subsidiary has not changed. Our business strategy is not linked to Great Britain’s political affiliation with the European Union, so we have no reason to change it."

– Jean-Bernard Lévy, EDF Chairman

Mr Levy emphasised in particular that there should be no fears of reconsidering plans to construct two EPR nuclear reactors at Hinkley Point , a gigantic £18 billion project (around 22 billion euros at current exchange rates), which is being challenged by the Group’s French trade unions and for which a final investment decision is pending.

“I would just point out that in the last few days, spokespeople on energy issues for the Brexit camp – notably Energy Minister Andrea Leadsom – have on numerous occasions and again in recent days come out in favour of maintaining the decarbonisation policy, of maintaining the nuclear option, and of maintaining the Hinkley Point project. Therefore there are no consequences from this vote today."

– Jean-Bernard Lévy, EDF Chairman

Advertisement

Advertisement

Load more updates