A meeting of EDF’s board is to make the final investment decision on Hinkley Point C.
The long-awaited decision on whether or not to go ahead with the construction of two EPR reactors has been put on the agenda for EDF’s board of directors meeting on 28 July.
A statement from the company said: “The HPC [Hinkley Point C] project is a major element of the group’s CAP 2030 strategy. The two EPR reactors at Hinkley Point would strengthen EDF’s presence in Britain, a country where its subsidiary EDF Energy already operates 15 nuclear reactors and is the largest electricity supplier by volume.”
The decision will be made earlier than the previous indications of September. It follows the conclusion of negotiations between EDF and unions on the issue.
The plans for the new nuclear power station have been continually dogged by controversy and spiralling costs. Just last week a report from the National Audit Office said consumers will provide £29.7bn of funding for Hinkley Point C, quadrupling the original estimate.
Areva, the firm responsible for designing the planned reactor at Hinkley Point C, is facing an in-depth investigation by the European Commission which is looking into whether the company’s restructuring gave it an unfair advantage under European Union rules on state aid.