Hinkley postponement ‘still up for discussion’, says French energy minister

Posted: April 7, 2016 by oldbrew in Energy, government, Nuclear power
Tags: ,

Decision time? [credit: Bussolati]

Decision time? [credit: Bussolati]


Now EDF has to show it wouldn’t be sidelining renewable energy projects if it committed to building Hinkley nuclear plant, reports the Telegraph. Can it get any more farcical?

Hinkley Point C could still be postponed, French energy minister Ségolène Royal has said, in an apparent sign of division within the French government over the controversial nuclear project.

The £18bn power plant is yet to prove its worth, and developer EDF must provide assurances that it will not build the reactors at the expense of investing in renewable energy, Ms Royal said.

Emmanuel Macron, the French economy minister, said last month that he expected a much-delayed final investment decision on the project to be taken by “early May”. 

Full report: Hinkley postponement ‘still up for discussion’, says Ségolène Royal

Comments
  1. ivan says:

    If it does continue it will be like all government contracts – useless. They will forget any penalty clauses for anything up to and including late delivery but there will be clauses that allow EDF to charge more than the contract price for everything.

    I have yet to see a government contract of any sort that is as tight as those used out in industry and I’ve written a few for power stations in my time.

  2. TinyCO2 says:

    I wonder what the point of no return is, where it’s too late to build new capacity before key bits of plant pack up.

  3. oldbrew says:

    ‘Desperate Welsh steelworkers can point to climate change ‘hysteria’ and EU ‘failures’ for their plight, according to Monmouth MP David Davies.’
    http://www.thegwpf.com/steelworkers-can-blame-climate-hysteria-and-eu-failures-for-their-plight-says-welsh-mp/

    Coal, steel and heavy industry generally are getting hammered for no good reason.

  4. Zeke says:

    Nigel Farage on the construction by China of a nuclear power plant at Hinkley:

    “I am not concerned about Chinese money coming into this country – I welcome it. But what I think is bonkers is that we’ve gone for this plant at Hinkley, and we’ve guaranteed the Chinese investors a “strike price” as its called, over the course of the next 35 years, which is exactly double what the current cost of electricity is. It’s a dam*ed good deal for China, but I think it’s a rotten deal for the British tax payer. But it’s based on the idea I mentioned earlier on this show – they assume that energy prices will go up, and I think actually, if we get frakking, and start to use a lot more genuine new technology, the price can come down.”

    PS “Carl Chambers Leeds GO”

    Nice introduction. What do you all think?

  5. oldbrew says:

    Zeke: I’ve seen him before somewhere😉

    GWPF: ‘Final approval for Hinkley Point had been expected next month, but the French government may yet order the directors of EDF to halt the project’

    ‘Ms Royal warned of the financial risks to EDF, which has debts of £30 billion and is set to shoulder two thirds of the cost of Hinkley. She warned that the project may starve the company, which is 86 per cent owned by the French state, of cash to invest in other energy schemes.’
    http://www.thegwpf.com/france-casts-fresh-doubt-over-britains-decarbonisation-agenda/

  6. Zeke says:

    Oldbrew says “i’ve seen him before.”

    When I watched it this morning I thought, “This is in Leeds. He is sure tall.

    Wait a minute, WAIT A MINUTE.” (:

  7. oldbrew says:

    ‘Hinkley Point: French government ‘completely committed’ to plant’
    http://www.bbc.co.uk/news/business-36063561

    Until the next interview with a French official anyway😉

  8. oldbrew says:

    ‘Legal opinion commissioned by Greenpeace suggests that any French government financial support to EDF to enable the company to build the Hinkley Point C nuclear power station in the UK would almost certainly be blocked by the European Commission.

    The legal viewpoint is that the commission would not agree to government assistance as it would constitute a breach of state aid guidelines.’
    http://www.powerengineeringint.com/articles/2016/04/legal-opinion-rules-out-french-government-final-support-to-hinkley-point.html

    ‘Vincent de Rivaz, the head of EDF’s UK operations, has hinted that the final investment decision on the project will be made at a board meeting on May 11.’
    —————————————————————————————————
    Post: https://tallbloke.wordpress.com/2016/04/22/french-government-financial-support-for-hinkley-point-could-break-eu-rules/

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