EDF's Hinkley Point nuclear nightmare adds to company's woes
by Terry Macalister Energy editor from Environment | The Guardian on (#168JJ)
Debts, boardroom disputes, delayed nuclear projects - the many troubles of the French-owned power company
Building an 18bn nuclear power station such as Hinkley Point C would be a huge financial commitment for any energy company - even one that is mainly state-owned.
EDF, the company at the heart of the Somerset project that is 85% owned by the French government, has brought in Chinese state-owned firms as partners and negotiated generous subsidies with the UK government.
Continue reading...