Some are worried about the long-term consequences of turning inward, such as immigration policies and previously announced projects. On the electricity front, French utility EDF and China General Nuclear Power Corp. are partners in a projected and slow-moving $26 billion nuclear power plant at Hinkley Point. French President Francois Hollande told several news outlets he was still in favor of going forward with Hinkley Point construction despite the British vote against the EU. Economic self-interest at least plays some role in Hollande’s affirmation, according to reports. “It’s very important to understand that we need a high-performance, highly secure nuclear industry in France, and that we cannot let others take over terrain, including on exports, that has been French up to now,” he was quoted as telling Europe 1 radio. EDF CEO Jean-Bernard Levy also expressed support for moving Hinkley Point forward despite several delays and the Brexit vote. The British are maintaining their goal of de-carbonizing their energy output, he noted.
Electric Light & Power 24th June 2016 read more »
Energy Voice 24th June 2016 read more »