Andrew Rosindell – 2015 Parliamentary Question to the Department for Energy and Climate Change
The below Parliamentary question was asked by Andrew Rosindell on 2015-11-02.
To ask the Secretary of State for Energy and Climate Change, what the contractual status is of the China/EDF deals; whether those contracts make provision for their terms to be reassessed at a future date; and if she will make a statement.
Andrea Leadsom
The agreements announced on 21 October between EdF and CGN show the commitment of all sides to the Project – EDF has confirmed it will take a 66.5% stake in Hinkley with China General Nuclear (CGN) taking 33.5 per cent, demonstrating a clear commitment from both parties. The Government and EDF have finalised the Contract for Difference and ancillary documentation which offers increased price certainty for the electricity produced from Hinkley Point C. The Funded Decommissioning Programme has been approved and will make sure that the tax payer doesn’t pick up the cost of decommissioning the plant in the future. My rt. hon. Friend the Secretary of State will take her final decision on the Contract for Difference when EDF and CGN have signed the full investment documentation. I refer the hon. Member to the Written Ministerial Statement made by the Secretary of State on 21 October, Official Report, Column 45WS:
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