Skip to main content

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.

Continue reading...

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

Comments

Post a Comment

Popular posts from this blog

The Guardian view on Covid-19, five years on: lessons still to be learned | Editorial

Though many would rather forget the pandemic, we are living with its consequences. Are we any better prepared for the next one? “When asked what was the biggest disaster of the twentieth century, almost nobody answers the Spanish flu,” notes Laura Spinney in her book Pale Rider, of an event that killed as many as one in 20 of the global population. “There is no cenotaph, no monument in London, Moscow or Washington DC.” Most of us will better understand that absence after Covid-19 , which was declared a pandemic by the World Health Organization five years ago this week. Some cannot put those events behind them: most obviously, many of those bereaved by the 7 million deaths worldwide (not including those indirectly caused by the pandemic ), and the significant numbers still living with long Covid . Others want to forget the loss of loved ones, the months of isolation and the costs to businesses, families and mental health. Do you have an opinion on the issues raised in this article? I...
Post a Comment
Read more