Ms Margaret Ritchie – 2016 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Ms Margaret Ritchie on 2016-01-11.

To ask the Secretary of State for Energy and Climate Change, what contingency plans her Department has put in place in the event of one or more stakeholders in the Hinkley Point C project being unable to raise sufficient funding to complete development.

Andrea Leadsom

The funding of Hinkley Point C is a commercial matter for the parties involved. However, the agreements between EDF and CGN announced in October 2015 show the commitment of all sides to the project. EDF and CGN have confirmed major investment in Hinkley Point C and are working to rapidly conclude the detailed investment documentation.

My rt. hon. Friend the Secretary of State expects to be in a position to take her final decision on the Contract for Difference and associated agreements for Hinkley Point C once the documentation relating to equity investment into the project is finalised.