Skip to content

Hinkley Resignation Deepens Uncertainty Over UK Nuclear Plant

Kiran Stacey, Financial Times

The man in charge of building an £18bn nuclear power plant in Somerset has resigned his post amid continued uncertainty over when the company will give the final go-ahead for the project.

Chris Bakken has been named as the next chief nuclear officer for Entergy, the US power company, a post he will begin on April 6. That will mean he leaves his current job as project director for Hinkley Point C, a huge nuclear power station project in Somerset that has been dogged by delays. […]

Under current plans, Hinkley Point is due to be completed by 2025, after which it will provide 7 per cent of Britain’s electricity. But the process has dragged on in part because of technology problems at the company’s plant at Flamanville, in Normandy, which is built to the same specifications.

EDF was set to take the final investment decision at a board meeting last week. But the company delayed doing so because of concerns by some of its backers about how it plans to finance the project.

Reports in France have suggested EDF is currently pressing the French government, which owns 85 per cent of the company, to take some of its 66.5 per cent stake in the project. The other 33.4 per cent is owned by CGN, the Chinese state-owned nuclear group.

Full story