UK’s Hinkley nuclear project in crisis

The British media reported on Monday that the Hinkley Point nuclear power project had plunged into crisis after reports emerged that the finance director of EDF, the company behind the scheme, had resigned. 

Thomas Piquemal has reportedly stood down from his post after expressing trenchant opposition to those on the EDF board who want to give the green light to the project within weeks. 

The resignation of such an important figure on the EDF board will make it much harder for the remaining executives to proceed with Hinkley in the short term, reported the Guardian.

Developed as a partnership between state-controlled EDF and Chinese group CGN, the plan to build two 1,650-megawatt nuclear reactors — among the biggest in the world — has faced opposition from unions and within EDF’s board.

EDF has been hit by a series of problems that have led many – even in the City of London – to conclude that the new nuclear plant project is on the verge of…

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