Point C 'progressing well' with 1,200 workers now on site
has said this week that its Hinkley Point C project near Burnham-On-Sea
is progressing well, with more than 1,200 people now working on
the site each day.
de Rivaz, chief executive of EDF Energy, said on Tuesday that the
Hinkley project is making "good progress".
new nuclear power station at Hinkley Point C will play a vital role
as the UK continues to make the transition away from fossil fuels."
added"The exceptional performance of EDF Energy's existing
nuclear power stations is making a huge contribution to security
of supply and providing large volumes of reliable, low carbon electricity."
comments came during a press conference where EDF admitted that
technical problems at some of its French nuclear plants have hit
firm has seen its annual UK earnings slump by 29% amid intense competition
from rival suppliers and lower wholesale energy prices.
The firm, which is increasing electricity prices by 8.4% next month,
said underlying operating profits fell to £470 million last
year, down from £664 million the previous year.
energy group also revealed that the slump in the pound since the
Brexit vote cost it £300 million when UK earnings were translated
EDF said that UK nuclear production reached its highest level since
2003 last year in an "exceptional" performance.
without Brexit, Hinkley Point C, funded and developed by EDF with
China General Nuclear Power Corporation (CGN) as a 33.5% stakeholder,
has been identified as a risky proposition for the indebted French
firm, since two similar plants it is building overseas are heavily
delayed and over budget.