🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

EDF project director for UK Hinkley Point nuclear plant quits

Published 02/02/2016, 17:56
Updated 02/02/2016, 18:00
© Reuters.  EDF project director for UK Hinkley Point nuclear plant quits
EDF
-
ETR
-

LONDON (Reuters) - An executive of French utility EDF (PA:EDF) in charge of Britain's first new nuclear power station project for 20 years is leaving to join U.S. energy company Entergy Corp (N:ETR), the U.S. firm said on Tuesday.

As an executive director at EDF's British unit, EDF Energy, Christopher Bakken had been project director since 2011 for the Hinkley Point C nuclear project in southwestern England.

He was responsible for the design, procurement, construction and commissioning of the planned new nuclear plant.

Bakken will become executive vice president and chief nuclear officer for Entergy from April 6, the U.S. firm said.

EDF had no immediate comment.

The state-owned French utility has announced an 18 billion pound project to build two new-generation nuclear reactors at Hinkley Point with Chinese partner CGN. The two companies also plan to build two more reactors at Sizewell in eastern England.

The plan was first announced in 2013, but an investment decision has been put off repeatedly as EDF struggles to find partners and financing.

Intractable problems at two similar nuclear plants under construction in France and Finland threaten more delays to EDF's British plans.

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.