EDF and its nukes: "we're sh*t, and we know we are'
As so frequently stated hereabouts since forever (since 2007, to be precise), the whole point of French energy policy is to have someone else pay for France’s humungous nuclear decommissioning liabilities.
Now they’d like “negotiations” over Hinkley Point C and Sizewell C to be merged into one big financing deal. Well, well.
First of all, what “negotiations” are needed over HPC, pray? We already have a definitive financing deal: a binding contract that clearly has EDF on the hook for the stonking cost overruns. (Its alternative is to walk away: such is that inane deal, struck by the dickhead Osborne and signed by the fragrant May, that EDF is under no obligation to finish the thing at all.) Do contracts signed by the French mean anything? Silly question.
Second, why would we buy a second nuke – of the very same design – from the same imbeciles who clearly acknowledge they can’t finish the first, under a different deal structure where we are on the hook for the inevitable overruns?
Is there any point in telling Starmer and Miliband to grow a pair – maybe just one pair between the two of them? EDF are shit project managers; and successive governments have been shit negotiators. Each deserves the other.
ND
Source: http://www.cityunslicker.co.uk/2025/04/edf-and-its-nukes-were-sht-and-we-know.html
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