The final investment decision on Hinkley Point C (HPC) could still “go either way”, analyst at investment firm Whitman Howard has told Utility Week.
Utility Week 25th July 2016 read more »
French state-controlled power group EDF is set to hold a supervisory board meeting on July 28 to decide whether to go ahead or not with a project to build and operate two nuclear power stations at Hinkley Point in Britain. It might be wise to call the 22 billion euro investment off due to the many risks and the weak financial situation of the power group that also needs to phase out and replace ageing stations in France. The project has already cost more than two billion euros and two initial partners have dropped out – Britain’s Centrica and French nuclear power station builder Areva . Areva, in financial dire straits, is facing serious problems with the construction of EPR stations in Finland and in France. The Hinkley Point project would be a boon for the French nuclear industry and could save jobs at Areva that, in one way or another, would be involved in the building of the power stations. “Third time lucky,” might see a successful completion of Hinkley Point after the troubles in Olkiluoto and Flammanville.
Forbes 25th July 2016 read more »
The EDF works council has initiated new legal action to delay the French utility’s decision about its 18 billion pound Hinkley Point nuclear project in Britain but the court will not rule before a board meeting on Thursday. EDF has called a board meeting for July 28 that will consider a final investment decision, which unions want to delay as they consider EDF’s finances too stretched to take on a project of this magnitude. EDF works council secretary Jean-Luc Magnaval told Reuters the council had filed a complaint with a Paris court, which has scheduled a hearing on the case for Aug. 2.
Reuters 25th July 2016 read more »
[Machine Translation] Three days before the Board of Directors (BOD) to give the green light to the construction by EDF of two EPR reactors at Hinkley Point, Great Britain , the central works council (CEC) EDF failed, Monday, July 25, to make lead an action in court to prevent that this point be put to the agenda of the meeting. The final investment decision on this project controversial 18 billion pounds (21.6 billion euros), causing tensions within the company, must be made Thursday .The EDF CEC Friday asked Justice removed from the file Hinkley Point Agenda of the Board. This application will be reviewed on August 2 at the High Court of Paris , said the secretary of the CEC, Jean-Luc Magnaval. Given the date of the hearing, scheduled next Monday, the disputed dossier will therefore be included in the order of the CA of the day, as planned. But the CEC has also asked the court to order “the suspension of all effects of the proceedings to be taken by the council” that day, a notice of the board for this site might not be worth launch actual project. For the CEC with this interim, it was defending “access to justice” for instance, EDF has decided to submit the draft to the vote of the directors without waiting for the result on September 22, action Referee of the CEC to obtain additional information on the UK project.
Le Monde 25th July 2016 read more »
Timeline so far.
Telegraph 25th July 2016 read more »