Saturday, March 12, 2016

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Hinkley Point Nuclear Power Station Will Go Ahead, EDF Says


The £18bn Hinkley Point nuclear power plant will go ahead, EDF has told the BBC, amid uncertainty and delays over the final funding arrangements.

In a letter to staff, EDF's chief executive Jean-Bernard Levy said the project needed to secure more funding from the French government.

He said the financial context was "challenging" and said he was negotiating with the French state.

The UK government said it was "committed" to Hinkley. Earlier this month, EDF's finance director Thomas Piquemal quit because he feared the project could jeopardise EDF's financial position, according to reports.

And in February, Chris Bakken, the director of the project, said he was leaving to pursue other opportunities.... Read More

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