EDF Plans Final Hinkley Point C Financial Decision This Week

Hinkley Point C

France-based EDF says it will reach a final investment decision on the 3.2-GW Hinkley Point C nuclear project this week.

EDF called a July 28 meeting of its Board of Directors to discuss funding for two European Pressurized Reactors (EPR) at Hinkley Point C in England. If financing is approved, the utility said construction could begin on the reactors in mid-2019 to coincide with the start-up of the EPR at Flamanville in France, set for the end of 2018. The Flamanville project is current behind schedule and billions over budget.

The controversial £20.7 billion ($30 billion) project is backed by the French and British governments, and China General Nuclear Corp. agreed to buy a one-third stake in the project. EDF’s chief financial officer resigned earlier this year, saying the project would jeopardize the company and should be delayed while finances are bolstered. A French trade union also opposes the project.

EDF says the project is a major element of the company’s CAP 2030 strategy and would strengthen its presence in Britain, where EDF Energy already operates 15 reactors.

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...