Saturday, April 23, 2016

EDF will make its final decision on the Hinkley Point project in September according Macron – L’Express

The president confirmed the commitment of France ” in the project, and “ the final investment decision will be confirmed in September next “the electrician said Mr. Macron JDD.

While its final investment decision was expected in early May, the EDF group, owned nearly 85% by the state, announced Friday that its central works council (CEC) would be consulted on this issue, as demanded by the unions. An approach which amounts de facto to push EDF’s decision several weeks or months. The group, which had already postponed multiple recovery, said Friday was not the extent of the new deadline.

The investment in the two reactors Hinkley Point represent the equivalent of a year of EDF’s investments. This does not will shake financial path ” also defends the minister away from a new withdrawal of France from this mega-project that raises many critics including within the group.

According to him, this colossal project cost (over 23 billion) will promote French technology “ against our American competitors, Chinese or Russian “, is ” required for EDF’s presence in Britain , “and preserve the” skills “of the national nuclear industry.

The statement came after the announcement Friday of a proposed bailout of the group of up to 4 billion euros in total, including 3 billion provided by the state. “ This is a necessary investment for the overhaul of the sector “, he considers.

In addition, the minister said that the state had received “ too ” dividends from EDF over the past decade (20 billion in all), d hence the decision of the Government to be paid for three years in the form of shares, which will enable the group to save 2 billion euros.

also asked about funding for recapitalization of EDF and Areva, the other pillar of the French nuclear industry, which amount to at least EUR 6 billion, Emmanuel Macron spoke assignment – already underway – Units State airports of Nice and Lyon “ other operations ” that is not specified.

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