Hinkley Point C risk review
Yannick d'Escatha is a renowned expert in the nuclear field. At the end of 2015, EDF Chairman Jean-Benard Lévy asked him to work on the HPC project risk review ahead of the final decision regarding the investment for Hinkley Point C. He conducted this review with the help of 5 EDF experts independent from the project. Yesterday he was asked about his review on behalf of EDF staff. He said:
"Our task was to review the risks. Evidently any project involves risk. The key is to put them under control.
"We did not find any major risks which had not been identified already and dealt with. But in our view, measures to mitigate these risks could be strengthened to further de-risk the project.
"We judged that these risks had been accurately identified and they can be overcome as long as all the safety measures that we recommend are implemented. So from the viewpoint of the risks and under these conditions – the project can be launched."
EDF Group Chairman Jean-Bernard Lévy talked about the review in his recent letter to staff. He said:
"Contractual and commercial aspects have been thoroughly examined, including by independent experts, and allow us to be confident to definitively launch the project. A risk review completed at the end of 2015 established that the risks are well known and can be overcome through the implementation of a series of recommendations. I have decided to implement all of these recommendations. Other risk analyses will take place throughout the project, which is a usual practice for projects of this magnitude."
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EDF Energy 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 Energy’s safe and secure operation of its eight existing nuclear power stations at sites across the country makes it the UK’s largest generator of low carbon electricity. EDF Energy is also leading the UK's nuclear renaissance and has published plans to build four new nuclear plants, subject to the right investment framework.
These new plants could generate enough low carbon electricity for about 40% of Britain’s homes. They would make an important contribution to the UK’s future needs for clean, secure and affordable energy. The project is already creating business and job opportunities for British companies and workers.
Through Our Better Energy Ambitions, EDF Energy has developed one of the biggest environmental and social programmes of any British energy company.
In 2014 EDF Energy received seven ‘Big Ticks’ in the Business in the Community (BITC) Responsible Business Awards. In 2013 EDF Energy received the Environmental Leadership for Behavioural Change Award in the national Environment and Energy Awards and was highly commended in the first ever pan European Corporate Social Responsibility Awards scheme for its Sustainable Schools programme – the Pod.
EDF Energy is part of EDF Group, one of Europe’s largest power companies. The company employs around 14,000 people at locations across the UK.
To find out more about the UK's energy challenges look at www.edfenergy.com/energyfuture/