Hinkley Point nuclear plan puts survival of EDF at risk, say employee shareholders

French energy firm should halt expensive UK project in which it has has nothing to gain and everything to lose, says association of employee-shareholders

EDF's 18bn project to build two nuclear reactors in Hinkley Point, Britain, is so expensive and so risky that it puts the survival of the French utility at risk, an association of employee-shareholders said on Thursday.

EDF Actionnariat salarii(C) (EAS) said in a statement that the interests of EDF are gravely threatened by the Hinkley Point project, which it calls "a financial catastrophy foretold" in which EDF has nothing to gain and everything to lose.