Contingency in place of up to £20.7m should Hinkley C costs rise.
May 17, 2016
The cost of the Hinkley Point C nuclear power station in Somerset could rise to £21bn but developer EDF said it still expected to complete the project on-time and on-budget. In a statement released ahead of the French energy giant's annual general meeting yesterday (12 May 2016) it revealed that its equity commitment to the…
Read MoreHinkley Update - Energy Minister confirms Hinkley Point is a good deal for consumers
April 26, 2016
Hinkley Point C represents a 'good deal for consumers', according to energy minister Andrea Leadsom. Speaking at the eighth Nuclear New Build Forum, the minister said the government had ensured consumers wouldn't incur costs for electricity until the plant is generating meaning that the risks during construction lie with developer EDF. Leadsom said: "Hinkley will…
Read MoreHinkley Point C funding decision delayed until September
April 26, 2016
A decision on funding for the proposed £18bn Hinkley Point C nuclear power station is set to be further delayed until September 2016. Energy giant EDF, which is behind the plant, confirmed a recapitalisation at a board meeting last week (22 April) that will enable its investment programme, including the Somerset facility. It also announced…
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Cancelling Hinkley C could save the UK "at least" £30bn to £40bn
April 6, 2016
Cancelling the Hinkley Point C project in Somerset could save the UK "at least" £30bn to £40bn, according to a new report. The Intergenerational Foundation's report, titled Toxic Time Capsule: Why nuclear energy is an intergenerational issue, said that the projects build coast would make it "the most expensive building on earth". It also suggested…
Read MoreEDF Energy addresses MPs over Hinkley Point
March 29, 2016
The boss of EDF Energy has told MPs that the Hinkley Point C nuclear power station will "categorically" go ahead but refused to be drawn on a definitive investment date for the project. EDF Energy's chief executive Vincent de Rivaz and managing director of new nuclear build Humphrey Cadoux-Hudson gave evidence at the government's Energy…
Read MoreHinkley Point C funding decision ‘set for May’
March 23, 2016
A decision on funding for the Hinkley Point C nuclear power station could be made in May 2016, the project's developer EDF Energy has suggested. According to reports, French economy minister Emmanuel Macron has said a final investment decision from EDF, which is 85 per cent state-owned, is expected in early May. He is also…
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Hinkley Point C Supply Chain Update
March 23, 2016
Although a final investment decision for Hinkley Point C is yet to be announced, we are seeing plenty of evidence of continued commitment and progress towards the FID. In the communiqué published by the British and French Government's after the recent Franco British summit, it states: This major strategic project is a pillar of the…
Read MoreFrench Government provides Hinkley Point boost
March 22, 2016
Funding for the Hinkley Point C nuclear power station has moved a step closer with the French Government, which has a stake in developer EDF, offering its support. On a visit to a plant in in Civaux in France, French economy minister Emmanuel Macron is understood to have said the government is prepared to recapitalise…
Read MoreEU approves EDF and CGN’s Hinkley partnership
March 15, 2016
The European Union's competition authority has approved EDF Energy's partnership with China General Nuclear Power Group (CGN) for the construction of Hinkley Point C in Somerset. The Commission's investigation found that competition in the wholesale supply of electricity in the UK will not be hindered by the transaction given the moderate market share of EDF, the very…
Read MoreNew project director for Hinkley C
February 4, 2016
EDF has appointed a new project director for the Hinkley Point C nuclear power station project after Chris Bakken left to take up a new role in the US. Philippe Bordarier, chief nuclear officer at EDF Energy Generation, will take up the position having been at the French company for two years. Bakken joined Nuclear…
Read MorePress Release - Hinkley Point C
February 2, 2016
Somerset engineering boss - we are primed, I just wish I was younger EDF Energy is close to making the final investment decision that will start main construction work on Hinkley Point C nuclear power station, Europe's biggest civil engineering project. The build will bring huge benefits for business, jobs and skills upgrades throughout…
Read MoreHinkley Point funding could be delayed
January 27, 2016
The Hinkley Point C nuclear power station could be delayed amid reports that EDF has postponed a final decision on funding. It is understood that the French energy company was set to hold a meeting today (27 January 2016) to finalise its funding for the project, but this has now been postponed. French newspaper Les…
Read MoreHinkley Point December update
January 5, 2016
The latest update on the Hinkley project including news on the supply chain and registration and the latest road improvements. To read more click here THE HINKLEY POINT PROJECT UPDATE DEC 2015
Read MoreHinkley Point C - Agreements signed - It's all go
October 22, 2015
Work to begin on Hinkley Point reactor within weeks after China deal signed Work on the first new nuclear power plant in the UK for 20 years is set to begin within weeks after the French energy company EDF and China’s main nuclear operator agreed a deal on building the £18bn project. The deal was…
Read MoreEDF update on Hinkley C
September 9, 2015
An update from EDF about their building programme in France and their timetable and committment to Hinkley C. I would like to update you on an announcement EDF Group has made........
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Hinkley Point C Supply Chain Update
August 3, 2015
Updates provided by Neil Murphy, CEO, Somerset Chamber of Commerce Project Announcement It is with a real sense of pride that we hear this week that EDF Energy has announced that five Somerset supplier alliances, representing over a dozen Somerset and South West businesses, have been named among EDF Energy's preferred bidders for the proposed…
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