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France’s State-owned nuclear company EDF decides to go ahead with UK’s Hinkley nuclear station

£18 billion Hinkley Point nuclear power station gets go ahead from EDF, Mirror, 28 JUL 2016 BY ALAN JONES ,   

The French energy giant has decided to press ahead of a new plant in a crunch board meeting in Paris
EDF has given the go ahead to building a new nuclear power station at Hinkley Point, after a crunch board meeting in Paris.

The French energy giant had been expected to make the final investment decision today , clearing the way for the £18 billion project to go ahead.

Reports said the board voted by 10-7 in favour. EDF in the UK made no immediate comment.

John Sauven, Greenpeace executive director, said: “This deal was more riven with dissension in the EDF board than anyone expected. It’s unprecedented division and far closer than predicted.

“Countless experts have warned that for British families this power station will be terrible value for money.

“This is a bitter pill to swallow for hard up people who have been told that the Government is trying to keep bills down while dealing with energy security and lowering carbon emissions………..
A director opposed to the construction of Hinkley Point C resigned before the board met.

Gerard Magnin said in his resignation letter that Hinkley Point was “very risky”.

He did not attend the board meeting, leaving 17 directors to make the crucial decision. http://www.mirror.co.uk/news/uk-news/18-billion-hinkley-point-nuclear-8514859

July 29, 2016 - Posted by | business and costs, France, politics

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