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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


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.

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