June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

EDF hopeful can take investment decision on Hinkley Point after summer

Published 15/07/2015, 11:57
© Reuters. File picture of a tractor mowing a field on the site where EDF Energy's Hinkley Point C nuclear power station will be constructed in Bridgwater, southwest England
EDF
-
AREVA
-

PARIS (Reuters) - French state-owned utility EDF (PA:EDF) expects to take a final investment decision on Britain's 16 billion pound Hinkley Point nuclear power plant after the summer, its chief executive said on Wednesday.

"We are fairly hopeful we will be able to take what is called a final investment decision on this project for two EPR reactors after the summer pause," CEO Jean-Bernard Levy told lawmakers in France's lower house of parliament.

Austria launched legal action earlier this month against the European Commission over its backing of British plans for the development in southwest England.

© Reuters. File picture of a tractor mowing a field on the site where EDF Energy's Hinkley Point C nuclear power station will be constructed in Bridgwater, southwest England

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.