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EDF chief financial officer resigns

Hinkley Point C, EDF

EDF chief financial officer Thomas Piquemal has resigned amid uncertainty over the long-awaited Hinkley Point C project.

It comes after the project promoter EDF Energy said that it was “devoted” to making a decision on the delayed Hinkley Point C in a statement from the French and UK governments published last week.

No specific reason was given for Piquemal’s exit, however a statement from EDF group chairman Jean-Bernard Levy announcing his departure went on to express confirmation of the company’s intention to invest in the two new nuclear reactors at Hinkley Point C.

Levy said: “Thomas Piquemal told me of his resignation last week, which was made public last night. I regret the haste of his departure, and I immediately appointed Xavier Girre to the position of CFO on a provisional basis.

“With the support of its shareholder, the state, EDF can confirm that it is looking to invest in two reactors at Hinkley Point under the best possible financial conditions for the group, with the objective of making a final investment decision in the near future.”

The project which was meant to be completed by 2017 has been dogged with delays and is still awaiting investment from Chinese investors for the third reactor on the site.

Confidence in the company appeared to fall after shares fell in value by almost a euro on Monday at 9.11am central European time, falling 8.2% to €9.96 which took the overall decline this year to 22%.

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