Wednesday, March 23, 2016

EDF tries to reassure British MPs on the future of Hinkley Point Central – The World

Vincent de Rivaz, CEO of EDF Energy, during  his hearing, Wednesday 23 March, the Commission  for Energy and Climate Change at Westminster.

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I say clearly and categorically that the Hinkley Point C project will be” launched immediately Mr de Rivaz before hammering her ” trusted “in the operation, in EPR technology on which it rests, and its financing. On each of these aspects, the mammoth project of 18 billion pounds (22.7 billion) supported by the governments of London and Paris, is the subject of growing criticism in the British media. Wednesday morning, the pressing issues of Deputies reflected these concerns, exacerbated by the resignation on March 7, the CFO of EDF, Thomas Thornton.

“Our teams are ready to build Hinkley Point on schedule and on budget”

the boss of EDF Energy has responded with calm and smiling assurance, both technically and in terms of safety or the cost to the British taxpayer. “Our teams are ready to build Hinkley Point on schedule and on budget” , he said. I am confident and proud because the project meets the needs of British electricity affordable and low-carbon. “ In response to concerns of elected officials on the cost of Hinkley Point for the taxpayer, Mr de Rivaz said that he” would pay absolutely nothing by commissioning “in 2025.

to underline the commitment of the French group, he recalled that EDF had already spent 2.4 billion pounds (3 billion euros) on the project. At his side, Zhu Minhong, director of the subsidiary of Chinese giant CGN which co-finances the operation, expressed the same confidence: “ our partnership with EDF date of thirty, he insisted . We keep our vis-à-vis the UK and will provide expertise. “

” Hinkley Point is in the hands of the French government! “

But the Westminster MPs also urged the head of the EDF subsidiary to specify the date on which would be taken the final investment decision. “ Hinkley Point is in the hands of the French government! “ was concerned Angus MacNeil, Scottish Nationalist MP who chairs the Committee on Energy. “ In good hands! ,” retorted Mr de Rivaz. This dependence of Paris is far from politically neutral while sovereignty issues are at the heart of the campaign for the referendum on whether to maintain the UK in the European Union, scheduled June 23

Read also: English EPR waltzed heads at EDF

the British fears have recently been reinforced by the financial situation of EDF, victim falling electricity during, and its urgent need for recapitalization by its largest shareholder, the french state (85%). Tuesday, March 22, the French economy minister, Emmanuel Macron confirmed, before the Economic Affairs Committee of the National Assembly that the state would come to the rescue of industrial flagship that carries the hopes of sustainability of the French nuclear industry .

in London on Wednesday, Vincent de Rivaz could not repeat what Mr. Macro had said the day before: the investment decision will be submitted to a board of directors’ start May . ” British elected shown themselves frustrated not snatch a specific date, seeming not to understand why Mr de Rivaz could not go beyond “his” minister. The CEO of EDF Energy said that the reactors Hinkley Point only 15% of the investments of the EDF group. “ We can not be more committed and confident , he assured. A solution will be found soon. In early May, it is very reasonable

Read also:. Nuclear: the EPR bill still weighs

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