Ongoing negotiations between French energy giant EDF and the government of the UK over the building of proposed nuclear reactors at the Hinkley Point site have reached a âcritical moment,â according to a leaked memo quoted in The Telegraph.
Talks to build a new nuclear plant at Hinkley Point in Somerset, which would be the UKâs first new nuclear build in a generation, have become strained, as the Treasury has declined to meet EDFâs demands to subsidize the project. According to the article, the deadline for an agreement on negotiations is approaching at the end of March, and EDF has begun laying off project staff in anticipation of the possibility the talks might collapse. âThere is no denying we are at a critical moment for our project,â the internal memo said.
A failure of negotiations for the new Hinkley Point project would be seen as a major blow to nuclear power in the UK, âa terrible setback, not just to the nuclear industry but for British energy policy,â as one British MP told The Telegraph.
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