EDF holds meeting to achieve final investment approval for Hinkley Point
Published: 28 Jul 2016 By Grace Kimberley
Following on from EDF’s plans this week to receive investment of €4 billion euros for Hinkley Point, it was momentarily revealed that the French utility is currently hosting a board meeting that will decide the final investment for the project.
EDF is hoping to employ over 2,500 professionals on the site by 2017 and provide 7% of the UK’s total electricity requirements. Chinese investors have played a massive part in the external investment into the project, who have funded £18 billion into Hinkley Point C.
Although French unions are the main culprits in pushing back on the nuclear project, UK unions seem to be welcoming the project with open arms.
"We urge the EDF board to give the financial go-ahead on a project which will generate thousands of decent skilled jobs and help meet the energy needs of the UK for generations to come," said Unite national officer for energy Kevin Coyne.
"The cost of not doing so could result in the lights going out in Britain and the West Country missing out on the much-needed economic boost which this major infrastructure project would bring."
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