The Informer

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

Read Greenpeace's statement