EDF : Clarifications on Hinkley Point C project
| Press release |
3 July 2017
Clarifications on Hinkley Point C project
The review of the costs and timetable of the HPC project, undertaken after EDF's final investment decision in September 2016, in conjunction with the project company (NNB) teams, concluded that:
The project company NNB, in compliance with its rules of governance, will study and implement the recommendations of the review.
The management of the project is mobilised on the initial delivery objective for Unit 1 at the end of 2025, and on the identification and implementation of action plans to reduce costs and risks.
The Group maintains its financial targets as described in the 9 May 2017 press release.
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 37.1 million customers, of which 26.2 million in France. The Group generated consolidated sales of €71 billion in 2016. EDF is listed on the Paris Stock Exchange.
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