A FINAL decision on funding the controversial Hinkley Point C nuclear plant will now be taken in September at the earliest, it was revealed by French economy minister Emmanuel Macron this week. And the four-month delay casts fresh doubts on whether the £18 billion project will be completed on time in 2025. Last month, the French Government said the station’s finances would finally be in place in May and last Friday it was announced that a financial bail-out for developer EDF had been agreed with the French state, its major shareholder. This involved raising £4 billion as part of a restructuring programme to make it possible to go ahead with a strategic investment plan for Hinkley C. But this week came the bombshell announcement from M Macron that EDF had agreed a 60-day consultation with unions hostile to the project to discuss costs and safety.
West Somerset Free Press 30th April 2016 read more »