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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

EDF will 'not give up on Hinkley C'

EDF boss Vincent de Rivaz speaking to the Government's Energy and Climate Change Committee Credit: PA

The chief exec of French energy giant EDF is confident that the new nuclear plant in Somerset will be built, despite fresh delays.

The final investment decision on the £18 billion project at Hinkley Point has again been put back - waiting on a 60 day consultation with the company's workers.

Vincent de Rivaz, speaking to MPs on the Energy and Climate Change Committee, insisted the project was not on hold, and "everything was set" for power to be generated by 2025.

Mr de Rivaz added that EDF was not going to "give up" on Hinkley, although he realised people were worried.

An image of what the new nuclear power station will look like Credit: EDF Energy

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EDF insists Hinkley C definitely 'will go ahead' in MP grilling

An impression of what the new reactor would look like. Credit: EDF

The delayed multi-billion pound Hinkley Point nuclear power station in Somerset will go ahead, according to the head of French energy giant EDF.

Assuring MPs today, the chief executive of the firm behind the project said he had confidence in the £18 billion project.

Vincent de Rivaz pictured with David Cameron Credit: PA

Although admitting it had been "a long road", Vincent de Rivaz told the Energy and Climate Change Committee "clearly and categorically" that Hinkley Point C will be built.

French economy minister Emmanuel Macron has said EDF would make a final investment decision on Hinkley Point in early May.

It would be the first nuclear power plant to be built in Britain in two decades.

EDF is financing two-thirds of the project, with the rest coming from Chinese investment.

EDF Boss faces grilling by MPs over Hinkley Point

An artist's impression of the how the new Hinkley Point C station will look Credit: PA

The Chief executive of EDF energy will be questioned by MPs this morning over the future of Hinkley Point in Somerset.

It follows reports that the decision on the planned nuclear station is being put off until May because of financial and technical problems. The government insists the £18 billion project will go ahead.

Earlier in the month, the chief financial officer of EDF resigned claiming that the project could threaten the company's financial position.

EDF Chairman confident Hinkley Point C will go ahead

Credit: Tim Ireland/PA Wire

The chairman of EDF says he's confident a new reactor will be built at Hinkley Point in Somerset. Jean-Bernard Levy, chairman and chief executive of EDF Group, wrote to staff on Friday saying, although the financial context was "challenging", the project had the support of both the French and British governments.

We are currently negotiating with the French state to obtain commitments allowing us to secure our financial position. It is clear that I will not engage EDF in this project before these conditions are met. These discussions are ongoing and I am defending our group for the present and especially the future.

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

A video produced by EDF energy showing a CGI fly-through over the new Hinkley Point nuclear station.

It follows speculation about the future of the eighteen billion pound nuclear project after the French company's finance director, Thomas Piquemal resigned. He was concerned that the cost of the scheme could jeopardise EDF's future.

Credit: EDF Energy/PA Wire

Molly Scott Cato, Green MEP for the the South West of England described Hinkley as "a disastrous white elephant" and called for it to "give way" to the alternative of renewable energy.

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