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.
"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."
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."
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.
The chief exec of French energy firm EDF is to be quizzed by MPs over the delay in making an investment decision on the nuclear plantRead the full story ›
French energy company EDF announced yesterday a decision on the power station would be delayed until September.Read the full story ›
French giant EDF has once again delayed a decision on investment in the Hinkley Point C power station in SomersetRead the full story ›
Leading barristers say the French government's refinancing plans for EDF are likely to be illegal - dealing another blow to Hinkley Point.Read the full story ›
Labour MP Rob Marris challenged the Energy Secretary to say whether Hinkley C nuclear plant would go ahead without further public money.Read the full story ›
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.
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.
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.
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.
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.
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.