EDF decision over £18bn Hinkley Point project imminent

French energy provider EDF is expected to make a final investment decision next week on the planned multi-billion pound nuclear power station at Hinkley Point, Somerset.

The company revealed yesterday (July 21) that a meeting of its board of directors will be held in a week’s time to discuss the £18bn project, which would see the construction of two new reactors.

The company said in a statement: “Hinkley Point C is a unique asset for French industry as it would benefit the whole of the nuclear industry and support employment in major companies and smaller enterprises in the sector.

“This project has been the subject since 2013 of a significant sharing of information with employees and their representatives, illustrating the commitment of the company to quality social dialogue.”

While EDF reiterated its support for the project earlier this month after Britain voted to leave the European Union, doubts have surrounded the plans with delays over the final decision raising questions.

When up and running in 2025, Hinkley Point C would provide 7% of the UK’s total electricity needs.

According to ITV News Greg Clark, the Business and Energy Secretary Greg Clark, commented: “It’s clear that we are open for business as we come closer to sealing the deal on this major investment in British infrastructure and British jobs.

“New nuclear is an essential part of our plan for a secure, clean and affordable energy system that will power the economy throughout this century.”

He added: “This is a welcome decision from EDF, and we look forward to the outcome.”

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