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Hinkely Point decision "as soon as possible"

Energy giant EDF has failed to clear up uncertainty about its long-awaited Hinkley Point C nuclear power station, saying only that it would make a final investment decision “as soon as possible”.

The firm appeared to be moving towards a start date for the Somerset mega scheme when it awarded £1.3bn of contracts in July.

But these and other major deals won’t be signed until a final investment decision is made – something contractors were initially expecting last year.

EDF chief executive Jean-Bernard Lévy said yesterday: “The final investment decision will be made by EDF’s board. We are in final discussions with the British government and our Chinese partners. We hope to make this final investment decision as soon as possible.”

He added: “Even though the final investment decision has been pushed back from the initial previsions, the construction time will stay the same, which means that the commissioning date will be updated at the point when final investment decision is made.”

Lévy also expressed his faith in the Somerset scheme:

“I have total confidence in the success of the Hinkley Point project, which is based on a realistic estimate of costs and timetable,” he said. “We are drawing the lessons from Flamanville to apply them to Hinkley Point C, and that project has clear oversight and controls in place.”

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