Brexit: EDF still committed to Hinkley Point
EDF said it remains committed to building a nuclear plant at Hinkley Point following Britain's vote to exit the European Union.
EDF said it remains committed to building a nuclear plant at Hinkley Point following Britain's vote to exit the European Union.
The Hinkley Point nuclear power station project suffered a fresh setback as it emerged trade unions are “unlikely” to back the scheme, which is being developed by French energy giant EDF.
Officials from energy giant EDF are being called back to Parliament to explain to MPs a further delay in the Hinkley Point nuclear power station.
The U.K. government must lay out specific options to fill a looming energy shortfall after Electricite de France SA delayed a decision last week on whether to build Britain’s first nuclear power plant in 30 years, the opposition Labour Party said.
The delayed multi-billion pound Hinkley Point nuclear power station will definitely go ahead, the head of French giant EDF assured MPs today.
The Government’s energy policies are coming under increasing criticism after the chief financial officer of power giant EDF resigned, casting fresh speculation over its plans to build a new nuclear power station at Hinkley.
The Government’s energy policies are coming under increasing criticism after the chief financial officer of power giant EDF resigned, casting fresh speculation over its plans to build a new nuclear power station at Hinkley.
EDF Energy is to extend generation from four of its UK nuclear power stations by up to seven years, the company has announced.
The Government has been relentlessly strangling the UK’s green energy sector, arguing that this is all part of their campaign to reduce energy bills for consumers. Now, not only are we risking inflating our energy bills in the future, but we are also at risk of handing control of our future energy security to China.
Britain could have six times the power- generation capacity for the same money by investing in wind turbines instead of the 24.5 billion-pound ($37.9 billion) Hinkley Point nuclear reactor. That’s the conclusion of Bloomberg New Energy Finance, a London-based researcher that estimates the cost of power from renewables in the U.K. are rivaling fossil fuels even without subsidy. Wind easily beats the more expensive nuclear plant that Electricite de France SA is building with the support of investment from China. The findings highlights the trade-offs Prime Minister David Cameron weighed in his decision to support EDF’s bid to build the first new reactors in the UK in more than two decades. In backing nuclear and maneuvering to draw Chinese funds in a deal due on Wednesday, Cameron prioritized reliability of supply and the impact on rural landscapes over cost.
An engineers association has broadly welcomed today's confirmation that the new Hinkley Point nuclear power plant would proceed with investment from China, but urged investment in the whole nuclear life-cycle.
Campaigners have set up a protest camp near the site of the proposed Hinkley Point C nuclear power station. They have established a camp on a roundabout at the gates of the development in west Somerset as the president of China, Xi Jinping, arrives for a four-day state visit to the UK.
EDF said its hopes to announce a deal with Chinese investors to build a nuclear plant at Hinkley Point in the coming days. The French company’s chief executive Jean Bernard Levy said it was in the final negotiations with its Chinese partners. However he said he did not want to anticipate what would happen later this week as China’s President Xi Jingping to Britain.
Experts have expressed concern about the prospect of Chinese investment in the UK nuclear power sector, with claims the move could threaten national security. A final investment decision on the new nuclear plant at Hinkley Point, Somerset, could be announced during Chinese president Xi Jinping’s state visit. Chancellor George Osborne has already announced a £2 billion Government guarantee to secure Chinese funding for the Hinkley Point C nuclear power station set to be built by French firm EDF, and indicated that the next step may be a Chinese-designed, Chinese-built nuclear plant at Bradwell in Essex.
A Conservative former energy secretary has insisted the “elephantine” Hinkley C nuclear project is “one of the worst deals ever” for British consumers and industry. Lord Howell of Guildford told peers he would “shed no tears” if the multi-billion pound development in Somerset by French giant EDF Energy was abandoned in favour of smaller nuclear plants at a later date. He warned no reactor of the kind planned for Hinkley C has “ever been completed successfully”.