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Sorry, France, you’re on the hook at Hinkley Point | Nils Pratley

As its own finance director warned: EDF understood exactly what it was signing in 2016

In the troubled history of Hinkley Point C, the resignation of Thomas Piquemal in 2016 ranks as a footnote, but he deserves a heroic mention in the week EDF, developer of the nuclear power station in Somerset, announced yet more cost overruns and delays.

Piquemal was the EDF finance director who took the dissenting view in the French boardroom that rushing to sign a contract with the UK government to build Hinkley would be a risk too far for his debt-laden employer. The energy company’s financial future could be put in jeopardy, he was reported to have said.

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from The Guardian https://ift.tt/JXMqwL0
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