nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Resignation of EDF’s finance director heralds crisis in UK Hinkley nuclear project

Hinkley Point C nuclear project in crisis as EDF finance director resigns
Proposed £18bn Somerset plant has been pushed by George Osborne but some on French company’s board fear risky spending, Guardian, , 7 Mar 16,   The £18bn Hinkley Point C nuclear project was in crisis on Sunday night after reports that the finance director of EDF, the company behind the scheme, had resigned.EDF tells contractors to restart work on Hinkley Point, report says

text Hinkley cancelledThomas Piquemal has stood down from his post after expressing trenchant opposition to those on the EDF board who want to give the green light to the project within weeks, sources said.

The resignation of such an important figure on the EDF board will make it much harder for the remaining executives to proceed with Hinkley in the short term……..

Piquemal is said to have been arguing that pursuing what would be the world’s most expensive power project at this moment could jeopardise the French group, which already has rising debts.

Union members on the EDF board are also implacably opposed to Hinkley Point, saying it is too expensive and a risk to the energy company’s future…….http://www.theguardian.com/environment/2016/mar/07/hinkley-point-c-nuclear-project-in-crisis-as-edf-finance-director-resigns?CMP=twt_a-environment_b-gdneco

March 9, 2016 - Posted by | business and costs, France, UK

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

« Previous | Next »