EDF finance director resigns ‘over Hinkley plans’

EDF Energy has confirmed that its finance director has quit. The news come ahead of a final investment decision on the £18 billion Hinkley Point nuclear power plant. Although the […]

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By Jacqueline Echevarria

EDF Energy has confirmed that its finance director has quit.

The news come ahead of a final investment decision on the £18 billion Hinkley Point nuclear power plant.

Although the firm hasn’t given the reasons of Thomas Piquemal’s resignation, some reports claim the decision comes over concerns the project could threaten EDF’s financial position.

The company has provisionally appointed Xavier Girre to take the position with immediate effect.

Las month EDF’s Project Director for Hinkley Point,Christopher “Chris” Bakken also quit.

EDF Chairman Jean-Bernard Levy said: “With the support of its shareholder, the state, EDF can confirm that it is looking to invest in two reactors at Hinkley Point under the best possible financial conditions for the Group, with the objective of making a final investment decision in the near future.

“EDF relies on very strong operational results, the internal transformation and the savings plans launched in 2015 and on investments in support of the energy transition and the renewal of the nuclear industry.”

The government is investing £2 billion in the project and China agreed to fund £6 billion.