EDF reiterates its support for Hinkley Point nuclear project despite Brexit

05/07/2016 10:37 Electricity Market


French power utility EDF on Monday reiterated its support for the development of delayed new nuclear power station at Hinkley Point in southern England, declaring that British referendum to quit the European Union will not affect its plans.

However, a long-awaited final investment decision is still to be made. EDF has been consulting with unions in France, some of which have voiced concern about the financial implications of the £18 billion project on the company. The unions fear the investment is too risky, and could bankrupt the company. However, the UK trade unions as GMB, Unite, Ucatt, and Prospect are 100% supporting Hinkley Point C and said that it is vital to make a final investment decision Hinkley Point, which was due to be completed in 2017, is currently expected to be finished by 2025.

Daily (22.01.2020): Brent crude down 1% on Tuesday as robust global supply reduced fears of Libyan output cuts

22/01/2020 10:20:00

Crude oil prices drew back on Tuesday as robust supply worldwide counterweighed reports indicating that Libyan output would decline.


Romania awards contract for Cernavoda extension

22/01/2020 09:05:00

Candu Energy, a member of Canada's SNC-Lavalin Group, has won a USD10.8 million contract from Societatea Nationala Nuclearelectrica (SNN) for engineering analyses and assessments on unit 1 of the Cernavoda nuclear power plant in Romania. The work aims to extend the operation of the unit by an additional 35,000 hours.


Consultancy probes Irish Sea for offshore wind

22/01/2020 08:59:00

Gavin and Doherty Geosolutions will provide geotech analysis to inform foundation options