“An internal report to the EDF board has warned that for technical reasons it will be impossible to complete the two “new generation” nuclear reactors at Hinkley Point within the nine-year timetable.
The report also suggests that the much-delayed project would be financially disastrous for the struggling French company, despite a commitment by the British Government to pay double the market rate for the station’s electricity.
EDF is also reported to be having difficulty raising the £12.4bn it needs to build the two European Pressurised Reactors (EPR) in Somerset – a capital sum almost as much as it entire stock market valuation.
The company’s powerful unions and several senior EDF executives are said to believe that the project could be suicidal for the world’s biggest generator of nuclear energy. They want EDF to abandon the project – or at least persuade Britain to wait for another three years until a more advanced generation of EPR reactors is available.
Nonetheless, the French government, which owns more than 80 per cent of EDF, is putting pressure on the company to fulfil its agreement.
The British Government would face huge embarrassment if Hinkley Point, intended as the first of three new mega-stations, was abandoned or postponed. In October last year, China agreed, amid much fanfare in London and Beijing, to invest £6.2bn in the project.”
Oh dear, what will happen to those MILLIONS of pounds our Local Enterprise Partnership plans to spend on it and the HUNDREDS of jobs it has factored into their plans for Somerset and Devon if it is aborted?
East Devon Watch 
What has Hinkley Point got to do with East Devon Watch – its well outside East Devon!
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I have trashed two of this gentleman’s comments – he has absolutely NO idea why the LEP is important to us in East Devon!
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