HPC: EDF’s Board of Directors approves the final investment decision
At its meeting on 28 July 2016, EDF’s Board of Directors made the final investment decision and gave the President the authorisation to ensure its full execution in the framework of the signature process of all the contracts and agreements necessary to build the two nuclear reactors at Hinkley Point C (HPC) in Somerset, in south-west England.
Following this decision, the conditions have been met to allow EDF to sign the contracts with the British Government, EDF’s historic partner China General Nuclear Power Generation (CGN), and the main suppliers of the project.
The HPC Project is a major element of the Group's CAP 2030 strategy. The two EPR reactors at Hinkley Point will strengthen EDF's presence in Britain, a country where its subsidiary EDF Energy already operates 15 nuclear reactors and is the largest electricity supplier by volume.
HPC will also enable the Group to mobilise all its significant nuclear engineering skills following the final investment decision. The first concrete of reactor 1 of HPC, scheduled for mid-2019, will coincide with perfect continuity with the start-up of the EPR at Flamanville, scheduled for the end of 2018.
HPC is a unique asset for French and British industries as it will benefit the whole of the nuclear sectors in both countries and will support employment at major companies and smaller enterprises in the industry.
Visit Hinkley Point C news for the latest on the Hinkley power plant project.Notes to editors
Please find attached to this release:
(PDF) Hinkley Point C: Number Power
(PDF) Hinkley Point C Timeline - The Journey So Far
CGI and General images of the site are available here
Images of construction works on the site are available here
The following high res footage is available from our media library here and accompanying timecodes can be found here:
2016 HPC Aerial Footage
2016 General View B-roll 1
2016 General View B-roll 2
2016 Interview with Nigel Cann, HPC Programme and Construction Delivery Director
Engineering EPR model of HPC
HPC 3D Animation of Build
Archive 2014 B-roll
Archive 2015 B-roll
CGI Fly-through of site
EDF
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 37.8 million customers, of which 28.3 million in France. The Group generated consolidated sales of €75 billion in 2015, of which 47.2% outside of France. EDF is listed on the Paris Stock Exchange.
EDF
EDF is one of the UK’s largest energy companies and the largest producer of low-carbon electricity, producing around one-fifth of the nation's electricity from its nuclear power stations, wind farms, coal and gas power stations and combined heat and power plants. The company supplies gas and electricity to over 5 million customer accounts and is the biggest supplier of electricity by volume in Great Britain.
EDF’s safe and secure operation of its eight existing nuclear power stations, 30 wind farms, two coal-fired stations, one gas station and two gas storage facilities makes it the UK’s largest generator of low carbon electricity, producing around a fifth of the UK’s power.
EDF is also leading the UK's nuclear renaissance and is planning to build three new nuclear power stations at Hinkley Point, Sizewell and Bradwell. They will make an important contribution to the UK’s future needs for clean, secure and affordable energy.
Hinkley Point C will generate enough low carbon electricity for about 7% of Britain’s homes. The HPC project is already creating business and job opportunities for British companies and workers.
Through Our Better Energy Ambitions, EDF has developed one of the biggest environmental and social programmes of any British energy company.
Our journey to become a more sustainable and responsible energy business has been recognised by a wide range of organisations. This reflects the hard work of our people, our partners and the communities that we are part of.
EDF is part of EDF Group, one of Europe’s largest power companies. The company employs around 14,000 people at locations across the UK.
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