Doubts grow over planned UK nuclear plant

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Series Details 07.03.16
Publication Date 07/03/2016
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In a statement released on 6 March 2016, EDF announced that its Chief Financial Officer, Thomas Piquemal, had tendered his resignation. Company sources told the media that the reasons behind the decision lied on financial concerns about the planned nuclear power plant at Hinkley Point in the United Kingdom.

On 10 March 2016, the European Commission cleared the partnership between EDF and China's nuclear firm CGN to build nuclear power plants, including the Hinkley Point project.

French Economy Minister said on the 17 March 2016 that the French government stood ready to inject fresh capital into EDF if necessary. He said it would be a mistake for the 85% state-owned company not to build the new Hinkley Point C power plant and he would ensure it happened.

The same minister repeated on the 17 April 2016 in an interview with the BBC that the French government was 'completely committed' to constructing the Hinkley Point nuclear power plant. He said that the project was 'very important' for France and EDF.

Source Link Link to Main Source http://www.euractiv.com/section/energy/news/doubts-grow-over-planned-uk-nuclear-plant/
Related Links
ESO: Background information: Trouble ahead for UK’s nuclear hopes http://www.europeansources.info/record/trouble-ahead-for-uks-nuclear-hopes/
BBC News, 07.03.16: EDF finance chief quits ahead of Hinkley Point decision http://www.bbc.co.uk/news/business-35741772
The Telegraph, 06.03.16: EDF finance officer resigns over Hinkley Point project http://www.telegraph.co.uk/business/2016/03/06/edf-finance-officer-resigns-over-hinkley-point-project/
The Guardian, 07.03.16: Hinkley Point C nuclear project in crisis as EDF finance director resigns http://www.theguardian.com/environment/2016/mar/07/hinkley-point-c-nuclear-project-in-crisis-as-edf-finance-director-resigns
EurActiv, 11.03.16: Brussels clears French-Chinese tie-up for UK nuclear plant http://www.euractiv.com/section/energy/news/brussels-clears-french-chinese-tie-up-for-uk-nuclear-plant/
The Local.fr, 18.03.16: France says ready to pump money into EDF if needed http://www.thelocal.fr/20160318/france-ready-to-pump-money-into-edf-if-needed
The Guardian, 17.03.16: France agrees bailout for EDF to proceed with Hinkley Point C http://www.theguardian.com/uk-news/2016/mar/17/french-government-edf-united-front-hinkley-point-money-nuclear-plant-union
EDF: Nuclear New Build Projects: Hinkley Point C https://www.edfenergy.com/energy/nuclear-new-build-projects/hinkley-point-c
The Guardian, 14.03.16: [Opinion]: Hinkley Point is a costly mistake, but only France can pull the plug http://www.theguardian.com/commentisfree/2016/mar/14/hinkley-point-costly-mistake-france-britain-edf
BBC News, 17.04.16: Hinkley Point: French government 'completely committed' to plant http://www.bbc.co.uk/news/business-36063561
The Guardian, 24.04.16: Hinkley Point C nuclear power plant decision delayed again by EDF http://www.theguardian.com/business/2016/apr/24/hinkley-point-c-nuclear-power-plant-decision-delayed-again-by-edf
France24, 17.05.16: France’s Hollande backs EDF’s Hinkley Point nuclear plant http://www.france24.com/en/20160517-france-hollande-backs-edf-hinkley-point-nuclear-plant

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