EDF's union board members to oppose Hinkley Point - sources
Source: Reuters
The six union members on EDF's 18-seat board would vote against the French utility's plans for two nuclear reactors in the UK, but other board members do not want to postpone the project, sources familiar with the situation said.
The unions want EDF to put off the 18 billion pound ($26 billion) project to build two Areva-designed European Pressurised Reactors (EPR) at Hinkley Point in southwest England until it has strengthened its balance sheet and started up at least one of the four EPRs it has under construction elsewhere.
A united front of EDF's unions opposing a major investment decision would be unprecedented, but the lack of support from other board members removes a major element of uncertainty for the plan.
"If the Hinkley Point project was put to the board today, the six union representatives would all vote against it," one of the sources told Reuters on Tuesday.
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