Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Strait of Hormuz closed over ceasefire violations, says Iran

      Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Platitudes in women’s sport are empty, patronising and offensive

      Business professionals in a conference room discussing strategy with a presentation screen displaying key market trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Saturday 30 July 2016 10:12 am

Ready when you are: EDF boss understands why government needs a “little time” to consider Hinkley Point

By: William Turvill

Add as a preferred source on Google

The head of French energy group EDF has said he understands why the UK government needs a “little time” to consider the Hinkley Point project.

But Vincent de Rivaz said in an open letter to staff, sending a message of “continuity and confidence”, that EDF is ready when the UK government is.

Earlier this week, in a surprise move after EDF’s board approved funding for Hinkley Point C, the UK business and energy secretary Greg Clark said the government would review the details of Hinkley Point and make a decision in the autumn.

Read more: How seven City types reacted to the Hinkley Point decision

He said: “The UK needs a reliable and secure energy supply and the government believes that nuclear energy is an important part of the mix. The government will now consider carefully all the component parts of this project and make its decision in the early autumn.”

The government was expected to sign contracts with EDF almost immediately.

De Rivaz, who met with Clark on Friday, said in his letter, reported by the BBC: “The new prime minister has been in post for just 16 days. Her full cabinet has been in post even fewer.

Read more: Hinkley Point C: Politicians gamble with other people’s money

“We can understand their need to take a little time. We fully respect the prime minister's method.”

He added: “The very good news is that we are ready.

“The board's decision means that when the government is ready to go ahead, we are ready too.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • City investors raise alarm on Burnham’s Chancellor pick

  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

  • More Big Four blues as Deloitte plans to slash UK audit roles

More from CityAM

  • Sir Jim Ratcliffe is right – our energy policy is ‘all over the place’

    Energy
    Rachel Reeves and Ed Miliband
  • ‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

    Economics
    Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.
  • Thames Water on cusp of public ownership after ‘weak’ deal

    Water
    Thames Water creditors have made a last-ditch offer for a rescue deal.
  • Pension fund snaps up cut-price government bonds amid Starmer sell-off

    Markets
    Standard Life office building exterior, representing one of the UKs largest pension funds, in a business context
  • Type One Energy Appoints Bernard Looney to Board of Directors

    Business Wire
  • CBI: 200,000 more Brits to face unemployment this year as growth crumbles

    Economics
    People waiting outside a job centre, highlighting unemployment issues and job search challenges in the current economy.
  • Kemi Badenoch interview: ‘I want an economic revolution’

    Politics
    Conservative Leader Kemi Badenoch
  • Government departments will look at cutting budgets to fund defence, minister says

    Politics
    Getty Images collection showcasing diverse business professionals in a collaborative office environment, emphasizing teamw...

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies