EDF's CEO Allegedly Knew of Hinkley Point C's Delay Before Board Vote

Jean-Bernard Levy

EDF’s CEO reportedly knew the UK government wanted to review the Hinkley Point C nuclear contract days before the company’s board voted to move on with the project, according to Reuters.

EDF’s board voted July 28 to push forward with the $24 billion, 3.2-GW project. Hours later, Britain’s new prime minister, Theresa May, delayed the project until the government had more time to review the contract and said it would make a decision in early autumn.

EDF CEO Jean-Bernard Lévy claimed he was caught off-guard by May’s decision, but Reuters reports he was informed on July 21 about the decision to delay and again on July 27 before the board meeting. In emails allegedly sent to Reuters, Lévy said the French government on July 21 had “warned us that in light of her very recent arrival, the new British prime minister has asked for ‘a few days’ before deciding on the project.”

EDF then had to cancel a contract signing ceremony planned for July 29 with UK officials and China, according to DigitalLook. China General Nuclear bought a 33 percent stake in the Hinkley Point C project.

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

Whitepapers

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...