LONDON, June 23 (Reuters) – French group EDF (EDF.PA) has called on the British government to present legislation that would support the financing of a new nuclear power plant, Sizewell C, saying it is now essential.
Simone Rossi, UK director of EDF, said in an interview with Reuters Events: Global Energy Transition, that much progress has been made on several fronts, but the legislation underpinning the new funding program is now necessary.
“I am led to believe that it is quite possible to include this legislation in the second session of Parliament this fall,” he said.
“I would say this is an essential prerequisite for the project to be activated because the project has to be delivered on time and this legislation is now really, really essential.”
When asked if his company had a Plan B in case the government didn’t move forward with the legislation, he replied: “We don’t really do that. I have to say it would be up to the UK government to do it. take into account. “
“The main avenue has been mapped out in terms of the funding mechanism for this project, I think it’s a very solid, a very robust.
“It just requires enabling legislation. There is every reason to believe that this legislation will progress as planned.”
China General Nuclear Power Corporation (CGN), which holds a 20% stake in the pre-construction phase of the Sizewell C project, is on a US government list of companies Washington considers acting against US interests.
When asked if this designation could hamper the project, Rossi said it would be up to the UK government to decide on the best approach when the time comes to make an investment decision.
EDF is continuing a program to dismantle some of its oldest reactors. It has been around for a long time, but in some cases the timeline is rushed.
Rossi said he did not anticipate that decommissioning production capacity following decommissioning would lead to supply issues.
“This is not going to plunge the country into obscurity. The country is increasingly interconnected with other countries through new links, there is more and more renewable energy online and there is still a lot of online gas stations, ”he said.
Reporting by Christian Lowe; written by Kate Holton; edited by Keith Weir
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