EDF : Hinkley Point C: the Board of EDF called to consider a final investment decision
July 21 2016 - 5:08PM
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PRESS RELEASE
21 July 2016 |
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Hinkley Point C:
the Board of EDF called to consider a final investment
decision
EDF has today called a meeting of
its Board of Directors which will be held on 28 July 2016. The
agenda includes the final investment decision for the construction
of two EPR reactors at Hinkley Point C (HPC) in the south-west of
England.
The HPC Project is a major element of the Group's CAP 2030
strategy. The two EPR reactors at Hinkley Point would strengthen
EDF's presence in Britain, a country where its subsidiary EDF
Energy already operates 15 nuclear reactors and is the largest
electricity supplier by volume.
HPC would also enable the Group to
mobilise all its significant nuclear engineering skills following
the final investment decision. The first concrete of reactor 1 of
HPC, scheduled for mid-2019, would coincide with perfect continuity
with the start-up of the EPR at Flamanville, scheduled for the end
of 2018.
HPC is a unique asset for French
industry as it would benefit the whole of the nuclear industry and
support employment in major companies and smaller enterprises in
the sector.
This project has been the subject
since 2013 of a significant sharing of information with employees
and their representatives, illustrating the commitment of the
company to quality social dialogue. In line with this, EDF
announced on April 22, 2016, that the Central Works Council would
be consulted on the terms of the partnership with the CGN Group for
the HPC project, in the framework of an information and
consultation process which began on May 2 and which concluded on
July 4, 2016.
A key player in energy transition,
the EDF Group is an integrated electricity company, active in all
areas of the business: generation, transmission, distribution,
energy supply and trading, energy services. A global leader in
low-carbon energies, the Group has developed a diversified
generation mix based on nuclear power, hydropower, new renewable
energies and thermal energy. The Group is involved in supplying
energy and services to approximately 37.8 million customers, of
which 28.3 million in France. The Group generated consolidated
sales of €75 billion in 2015, of which 47.2% outside of France. EDF
is listed on the Paris Stock Exchange.
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EDF SA
22-30 avenue de Wagram
75382 Paris cedex 08
Share capital of €960,069,513.50
Company Registration No. 552 081 317 R.C.S.
Paris
www.edf.fr |
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Source: EDF via Globenewswire
HUG#2030093