Posted on: 02/02/2016
French newspaper Les Echos has reported that EDF’s board has delayed its final investment decision on funding for the Hinkley Point C reactor in Somerset.
The board meeting at which the decision was expected to be taken has been postponed.
The UK Government has promised EDF a price of £92.50/MWh for the electricity generated at Hinkley, more than twice the current market rate.
In October, China General Nuclear Power Corporation paid £18 billion for a 33.5% stake in the project.
‘Curtains for Hinkley’
John Sauven, Executive Director at environmental charity Greenpeace, said: “The EDF board is clearly rattled as they delay yet again this crucial investment decision. It could well signal curtains for Hinkley.”
EDF declined to comment to Les Echos.