The chief executive of EDF Energy has vowed that the £24bn Hinkley Point C nuclear power plant will be built by 2025 and will not result in extra costs to UK taxpayers. In evidence before the House of Lords economic affairs select committee, Vincent de Rivaz dismissed parallels with two nuclear plants EDF is building in France and Finland, which have suffered delays and cost overruns. He said planning of the two projects had been “flawed” and there had been “underestimation” of their costs but insisted EDF had learned lessons from these setbacks. “The assumptions made on cost and schedule were wrong, dead wrong. We have dramatically changed the approach by which we prepared this project,” he said.
Guardian 1st Nov 2016 read more »
The chief executive of EDF Energy has pledged to deliver the Hinkley nuclear power station on schedule and budget, promising that his firm won’t ask the UK government for any extra money. Addressing the Lords Economic Affairs Committee, Vincent de Rivaz assured that investors, including EDF and China’s state-backed energy firm CGN, would bear the full financial risks of the project’s construction. When asked whether the Government would be asked for more money to complete Hinkley, Mr de Rivaz said “absolutely not”.
ITV 1st Nov 2016 read more »
Belfast Telegraph 1st Nov 2016 read more »
Former Chancellor Lord Darling said Hinkley “could be one of these projects that’s so big and so massive that it will reach a stage that we can’t actually go back, and if it overruns we will be stuck with it”. Questioning Vincent de Rivaz, EDF’s UK chief executive, Lord Darling raised doubts over whether the project would be completed on “anything like” its 2025 target and raised fears that the French energy giant – which struggled to afford Hinkley – could have to go back to the Government for more money to complete it.
Telegraph 1st Nov 2016 read more »
Daily Mail 2nd Nov 2016 read more »
The Economic Affairs Committee’s next evidence session focuses on the agreement between the Government and EDF Energy for the construction of a new nuclear power station at Hinkley Point. The Committee takes evidence from EDF Energy as well as critics of the scheme and other nuclear power companies.
House of Lords 1st Nov 2016 read more »
Caroline Lucas: Theresa May is different from past prime ministers in many ways, but it seems she shares with her predecessors a penchant for big projects, even in the face of overwhelming evidence against them. In just a few months she has pushed a vote to renew Trident, given the go-ahead to Hinkley Point C and pledged her government’s support for the expansion of Britain’s busiest airport.
Guardian 1st Nov 2016 read more »
BUSINESSES who can prove they have been negatively affected financially by the upcoming roadworks on Bridgwater’s ‘Golden Triangle’ should be compensated by EDF, town councillors say. EDF representatives gave a presentation at Thursday’s town council meeting regarding the proposed one way system that will be in place while roadworks to widen, resurface and install new traffic lights are carried out on the Wylds Road and Bristol Road junctions that meet The Drove. EDF representative David Eccles assured the town council that thorough consultation was underway, with discussions held at the Somerset County Council transport forum, Sedgemoor District Council, Bridgwater Town Council and Bridgwater Chamber of Commerce.
Bridgwater Mercury 1st Nov 2016 read more »
Chinese President Xi Jinping has saaid China and France should properly implement the Hinkley Point C nuclear project in Britain, the first new nuclear power plant in Britain for two decades. Xi made the remarks when meeting with visiting French Foreign Minister Jean-Marc Ayrault. Chinese and French companies signed the agreement to build an 18 billion pound nuclear power plant at Hinkley Point C during Xi’s state visit to Britain in October last year. The CGN-led Chinese consortium and French company EDF respectively take 33.5 percent and 66.5 percent stake. “Both sides should properly implement the Hinkley Point C nuclear project and other major projects, and expand cooperation in trade, investment and finance to deeply integrate our interests,” Xi said. Xi urged more people-to-people exchanges as well as cooperation at the local level and in international affairs.
The Nation 1st Nov 2016 read more »