EDF cuts 400 jobs at UK nuclear site
02 April 2015
EDF Energy is cutting 400 jobs at Britain's Hinkley Point C nuclear reactor construction site having completed preparatory work there. French parent EDF said on April 2 that the preparatory phase was now complete and the next phase would be the beginning of construction work. A final decision whether or not to proceed with the £16bn project should be made in the next few months.
Artist's impression of Hinkley Point C - EDF
EDF said 400 jobs, mostly contractors, would be cut as staff numbers on the site are reduced to 250 from 650. The project in southwest England, Britain's first new nuclear plant in decades, is expected to start producing electricity in 2023.
"EDF Energy and the UK Government have made good progress on the work to finalise the agreements, which will enable a final investment decision in the coming months," EDF Energy said.
The company is still negotiating about government debt guarantees for the project, along with decommissioning costs and other details. The UK government has offered a contract guaranteeing £92.50 for each megawatt hour of electricity Hinkley produces over 35 years.
It is also negotiating with two Chinese utilities about their role in Hinkley Point and possible future UK nuclear projects with EDF, including a second plant at Sizewell in Suffolk. EDF Energy said that while it waits for a final investment decision, it will continue project planning, engineering design and commercial supply chain activities.
In October 2013, EDF estimated it would spend about £1.5bn on earthworks, drainage, roads and other preliminary work to prepare the site.
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