{"id":11918,"date":"2016-05-24T12:00:00","date_gmt":"2016-05-24T09:00:00","guid":{"rendered":"https:\/\/vo.afonico-test.ru\/novosti-otrasli\/edf-energy-chief-refuses-to-prejudge-outcome-of-hpc-talks\/"},"modified":"2016-05-24T12:00:00","modified_gmt":"2016-05-24T09:00:00","slug":"edf-energy-chief-refuses-to-prejudge-outcome-of-hpc-talks","status":"publish","type":"post","link":"https:\/\/vosafety.ru\/en\/novosti-otrasli\/edf-energy-chief-refuses-to-prejudge-outcome-of-hpc-talks\/","title":{"rendered":"EDF Energy chief refuses to &#8216;prejudge&#8217; outcome of HPC talks"},"content":{"rendered":"<h4><strong>Vincent de Rivaz, the CEO of EDF Energy, said today he does not want to \u201cprejudge\u201d the outcome of the French-owned company\u2019s consultation with the Central Works Council, which needs to be completed before a final investment decision (FID) on Hinkley Point C can be made. Giving evidence to the UK parliament\u2019s Energy and Climate Change Committee, de Rivaz said the consultation, which began on 2\u00a0May, would take at least 60\u00a0days.<\/strong><\/h4>\n<p>Consisting of two European Pressurised Reactors in Somerset, England, Hinkley Point C (HPC) will be the first new nuclear power station to be built in the UK in almost 20\u00a0years and will provide about 7% of the country\u2019s electricity.<\/p>\n<p>De Rivaz had been called to reappear before the committee after giving evidence there on 23\u00a0March, when he was asked to confirm French Economy Minister Emmanuel Macron\u2019s comment that a FID was expected to be taken in early May. De Rivaz would not himself give a specific date and said the decision would be made \u201cvery soon\u201d. Then, earlier this month, EDF Energy\u2019s parent company, EDF Group, said the plant would take 115\u00a0months to build once the FID is made. The Group\u2019s majority owner is the French state.<\/p>\n<p>De Rivaz said today that EDF Energy still hopes the plant will begin operations in 2025.<\/p>\n<p>He told the committee: \u201cAt the time of the last hearing, in March, there was the expectation that we would have taken a final investment decision on Hinkley Point C by now. That was my hope, too. Much has been said about the project in the media recently. Let us look at the facts. The last time I was here I said that EDF could not progress with HPC until the overall financial plan to secure the company\u2019s future investments was in place\u201d.<\/p>\n<p>\u201dWe are operating in a market where the dramatic fall in wholesale energy prices has created difficult conditions for all energy companies. I said that EDF was working with its main shareholder, the French state, to secure its financial trajectory. I explained what was being discussed at that moment between EDF and the state. I described the overall plan, including asset disposals, greater operating efficiencies and a stronger balance sheet\u00a0\u2014 the plan to address the overall situation at EDF and not specifically Hinkley Point C. Since then this overall plan has been presented to the EDF board by the chairman with the agreement of the French state. This is therefore also great news for HPC\u201d.<\/p>\n<p>\u201cThe combination of the money coming from EDF and from CGN, our Chinese partners, means that the money is there. That done, the chairman of the Group decided to consult with the French trade unions about HPC through the French company\u2019s works council to seek their advisory opinion\u201d.<\/p>\n<p>Such social dialogue is \u201cat the heart\u201d of the EDF Group, he said, adding that the current position of some of the French trade unions is to postpone the project by two to three years.<\/p>\n<p>\u201cOur position is that there is no need for delay because the project is ready. No project has been better prepared than Hinkley Point C as a result of the intensive work over the last decade. And we must absolutely not delay it because the UK will need electricity from Hinkley Point C by the time it\u2019s due to come online\u201d.<\/p>\n<p>There is \u201ccommon ground\u201d between the company and the Works Council, he said, \u201con the huge importance of this project in all its dimensions for EDF and the need to get it right\u201d. By the end of the consultation, the works council will be invited to give its \u201cadvisory opinion\u201d, he said, after which the Group\u2019s chairman will \u201cpresent HPC to the board\u201d and the board will make a FID on the project.<\/p>\n<p>De Rivaz added: \u201cThe last time I was here I could not give a precise date on this decision and that remains the case, simply because I don\u2019t want to prejudge in any way the outcome of the consultation. Let me say though, the sooner we have a final investment decision, the better\u201d.<\/p>\n<p>He took the opportunity of addressing the committee \u201cto repeat that, contrary to recent media reports, the costs of \u00a318\u00a0billion have not changed. And, equally, to reassure everyone, that the support of our partner CGN is as strong as ever. The support of the French state is also very strong\u201d.<\/p>\n<p>Referring to a letter Macron had provided as \u2019evidence\u2019 to the committee, de Rivaz said \u201cthe French authorities are giving full support to the project\u201d.<\/p>\n<p>The \u201cnumerous teams\u201d working on HPC are \u201cmotivated and determined\u201d, he said.<\/p>\n<p>\u201cThe project is not on hold. As we speak, the project continues to prepare for the final investment decision, at which time we will confirm the date of commissioning [\u2026] EDF has secured its overall financing. We are consulting with the trade unions, but the teams are still working hard on the project. Hinkley Point C is a strategic project for France and for China. It is as essential for EDF as it is for the UK. We are ready to deliver it on time and on budget\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vincent de Rivaz, the CEO of EDF Energy, said today he does not want to \u201cprejudge\u201d the outcome of the French-owned company\u2019s consultation with the Central Works Council, which needs to be completed before a final investment decision (FID) on Hinkley Point C can be made. Giving evidence to the UK parliament\u2019s Energy and Climate&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-11918","post","type-post","status-publish","format-standard","hentry","category-novosti-otrasli"],"translation":{"provider":"WPGlobus","version":"3.0.6","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false}}},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EDF Energy chief refuses to &#039;prejudge&#039; outcome of HPC talks - JSC \u201cVO \u201cSafety\u201d<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vosafety.ru\/novosti-otrasli\/edf-energy-chief-refuses-to-prejudge-outcome-of-hpc-talks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EDF Energy chief refuses to &#039;prejudge&#039; 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