Wednesday, September 28, 2016

EDF: signing Thursday of the contract Hinkley Point, Le Figaro

EDF and the british government are expected to sign on Thursday a contract for the construction of two EPR reactors at Hinkley Point in Britain, in the south-west of England, a-t-we learned yesterday from a source close to the folder.

The board of directors of the electrician French has confirmed its green light to the launch of the project.

The directors of EDF were taken on the 28th of July last, the final investment decision in the project of 18 billion pounds sterling (about 21 billion euros) and the first british minister, Theresa May, has given his assent on the 15 September.

Ten votes to seven.

Meeting this Tuesday, following the british decision, the board of directors of EDF has “as a result found that (the contract) can be signed under the conditions provided in the 28 July”, writes the French group.

A source said that the board had approved the investment decision by ten votes for and seven against, is, in the same proportions as in July.

on September 15, The british government attached to its agreement of the new terms which allows him to intervene in the event of a sale of the controlling stake of EDF.

EDF stresses that the board of directors has authorized the CEO Jean-Bernard Lévy “to formalize vis-à-vis the british government’s commitment not to transfer the control of (the company leading the project Hinkley Point) during the construction period without the agreement of the british government.

A part of the unions of EDF had asked for the postponement of this project, considering that it put in danger the finances of the company. This investment decision is the subject of a judicial procedure initiated by five directors employees.

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