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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.

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.

Making Exeter the most active city in the South West?

Can Exeter become the most active city in the South West by 2018? Credit: ITV West Country

A new initiative is underway trying to make the Exeter the most active city in the South West by 2018.

Sport England will be handing the city council £130,000 later today to help pay for projects that will get people active, and big companies like EDF Energy and Exeter City Council will be targeted to provide workplace activity.

County Council welcomes £2 billion support for Hinkley

The Deputy Leader of Somerset County Council, David Hall has welcomed today’s announcement from the Chancellor of the Exchequer, George Osborne, saying it is very positive news for the county and the country.

The Chancellor insisted new nuclear power stations are essential to make sure the lights stay on as he gave the green light to the initial government guarantee for the first such plant in Britain for 20 years.

The new government guarantee, provided by Infrastructure UK is set to be worth around £2 billion and will pave the way for a final investment decision by energy company EDF Energy.

We warmly welcome today’s announcement from the Chancellor. This is yet another major milestone for the Hinkley Point C project, which will bring significant benefits to Somerset’s economy, communities and infrastructure.

Today’s news marks another important step forward and we remain confident Hinkley Point C will go ahead and now await the final investment decision.

The construction and operation of the plant will bring millions of pounds-worth of investment in our infrastructure and our communities will be set to benefit hugely from the creation of thousands of jobs in Somerset.

We will continue to work closely with our district council colleagues, EDF Energy, local communities, and Central Government to play our part in paving the way for this historic development.

– David Hall, Deputy Leader of Somerset County Council


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