The UK government has agreed to sign the contracts with french utility giant EDF for the Hinkley Point C nuclear power plant on Thursday. French financial newspaper Les Echos reported that the signing ceremony will take place in London, not Somerset as it had been planned in July when Prime Minister Theresa May asked for a delay at the 11th hour. The China General Nuclear Corporation (CGN), which is making a £6bn investment in the project, will also be present, it added. Les Echos also said that EDF’s board will meet on Tuesday to discuss the new conditions the UK set for the project. The requirement that EDF must keep a majority stake in the project during construction is expected to be a key focus. The UK government gave the £18bn Hinkley project the greenlight but with a “revised agreement” last week. It had been temporarily halted due to security concerns stemming from Chinese involvement.
City AM 24th Sept 2016 read more »
Communities close to the site of a planned nuclear power station in Somerset are to be given almost half a million pounds. The money from the Hinkley Point C Community Mitigation fund will be shared by communities in Bridgwater and North Petherton
ITV 24th Sept 2016 read more »