The Hinkley project is close to unravelling
by Ambrose Evans-Pritchard
Britain’s Hinkley Point nuclear project is close to unravelling after France’s ruling socialist party threw its support behind dissident trade union leaders and called for a fundamental review of the high-cost venture.
The whole saga has now become freighted with politics and misunderstandings in a three-way jostle between France, Britain, and China, with no outcome in sight that can please everybody.
The French socialists warned that Hinkley threatens the financial viability of EDF, the state-owned energy giant responsible for two thirds of the £18bn funding and for limitless liabilities if it all goes wrong.