The Government is likely to scrap the complex funding arrangements used to prop up the development of Hinkley Point C after an energy minister admitted the deal is unlikely to be used for future nuclear projects. Richard Harrington, who joined the Business and Energy department as a junior minister earlier this year, said nuclear “absolutely” had a role to play in the future energy mix, but appeared to bow to Hinkley’s critics by admitting the financing model was “unlikely” to be used again. Speaking on the fringes of the Conservative Party conference, he said he believed that a “third model” existed between the complex deal agreed with EDF Energy on Hinkley, and the suggestion that Government should be the main financier behind nuclear projects in order to drive costs lower.
Telegraph 3rd Oct 2017 read more »
[Machine Translation] Members of the board of directors of EDF and the executive committee – met Tuesday in Hinkley Point, south-west England, for a “delocalized strategic seminar” and to visit the site of the two EPRs. Because of its location, project governance is much more complex than that of the EPR project in Flamanville (Manche). Three teams are at work, with about 700 people in Montrouge (France), 850 in Bristol (Great Britain) and construction teams in Hinkley Point. It is also necessary to integrate Areva’s teams into Edvance, the new engineering structure resulting from the restructuring of the nuclear industry. “There are many issues to be discussed on the connection between EDF and NNB units in England,” said a member of EDF’s board of directors before the summer. A site for Simone Rossi, who will take over the management of EDF Energy on November 1, to replace Vincent de Rivaz.
Les Echos 4th Oct 2017 read more »