Chancellor George Osborne “confident” about Hinkley Point deal September 8, 2015 Chancellor George Osborne has said that the government's plan to build a new nuclear power plant at the Hinkley Point power station is on track. "I am pretty confident that we are going to be able to do a deal, but we are still in the negotiations," he told the Lords Economic Affairs committee. Britain [...]
Balfour Beatty named as preferred bidder on £460m Hinkley Point contract July 31, 2015 Balfour Beatty has been appointed the preferred bidder to construct nuclear power plant Hinkley Point C in a multi-million pound contract. The construction group has been named alongside engineering group NG Bailey in a 50-50 joint venture as the firms expected to deliver the critical infrastructure behind the station. The contract with EDF Energy [...]
400 jobs cut at EDF’s Hinkley nuclear power station project April 2, 2015 French power giant EDF has cut 400 contractors' jobs at the £16bn Hinkley Point C power station. In a statement, the company said because negotiations with potential investment partners have been delayed, it was not prepared to keep investing in the project – although it will continue to make preparations for the next phase of [...]
Saudi Electric takes aim at stake in Hinkley Point nuclear power plant November 17, 2014 Saudi Arabian utility firm Saudi Electric is in talks to become one of the investors in the nuclear power plant at Hinkley Point. According to a report on Sky News, the firm is vying to buy a minority stake in the project, which got the go-ahead from the European Commission last month. As it stands, [...]
Legal battle looms for ministers over EU’s Hinkley Point power plant decision October 8, 2014 Ministers could be facing a lengthy legal battle over the planned nuclear power plant at Hinkley Point in Somerset, following the European Commission’s announcement yesterday that construction could go ahead. Austria threatened earlier this week to sue the commission if it allowed the project, on the grounds that subsidies such as those awarded to Hinkley [...]
European Commission approves EDF’s Hinkley Point nuclear plant project October 8, 2014 The European Commission has approved EDF's £16bn nuclear plant project Hinkley Point after revised plans were submitted that brought it “in line with EU state aid rules”. The body approved the plans after the UK government agreed to “significantly modify the terms of the project financing”, it announced this morning. Under the revisions, the [...]
EC to decide on EDF’s £16bn Hinkley Point nuclear plant project today October 8, 2014 The European Commission is to decide today whether controversial plans to build a government-backed nuclear power plant in Somerset will go ahead. Proposals for the £16bn Hinkley Point plant, which will be built by French energy giant EDF, are being examined by the EC to establish whether the deal constitutes illegal aid. If [...]
Europe opens Hinkley Point subsidy probe December 18, 2013 THE EUROPEAN Commission yesterday said it has launched a probe into whether the UK’s plan to subsidise the Hinkley Point nuclear plant in Somerset is in line with EU state aid rules. EDF Energy, which is leading a consortium building the £16bn plant, said it would engage fully with the EC’s review.