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Press Release

EDF announces progress on UK nuclear new build and hails Franco-British declaration to strengthen co-operation on energy

EDF
02/17/2012
  • Signs agreements with Areva, Kier BAM and Bridgwater College
  • Confirms deals to boost training opportunities and create jobs in UK and France

EDF has today demonstrated further progress towards plans to build up to four new nuclear plants in the UK, through signing new agreements at the Franco-British Summit in Paris. These agreements, together with others concluded by third parties in relation to safety, engineering and R&D, will support EDF's plans to develop its first new nuclear plants at Hinkley Point with its partner Centrica.

The project, the final investment decision for which is expected to be made at the end of this year, represents a massive investment in UK infrastructure and unprecedented opportunities for the supply chain in France and the UK, employing up to 25,000 people over the course of construction with 5,600 people on site at peak. There are already in excess of 700 people in UK and France working on the Hinkley Point C project.

The agreements signed today include:

  • A £100 million-plus contract with Kier BAM for site preparation works at Hinkley Point C.
  • An MOU with AREVA relating to the delivery of the nuclear steam supply system and central instrumentation and control systems for the Hinkley Point C project and confirming the timeframe for completing the negotiation for this contract.
  • A £15 million investment to establish a world class national training centre in partnership with Bridgwater College in Somerset.

The agreement with Kier BAM is the first major construction contract for preliminary works at Hinkley Point C, the site of EDF Energy's first two planned nuclear power plants. The initial activities in relation to these works are expected to begin this spring.

The contract coincides with the signing of a memorandum of understanding with Bridgwater College in Somerset under which EDF Energy will pledge £15m of funding. This sets the foundation for the world class training campus facility that EDF Energy will develop in Somerset. The preferred site for the centre is the college's facilities at Cannington Court, subject to design, planning and due-diligence. In addition, EDF Energy has appointed BDG architecture+design as architects for the proposed facility.

The EDF Group, one of the leaders in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, nergy supply and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydraulic production facilities where 95% of the electricity output is CO2-free. EDF's transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km f high and very high voltage networks. The Group is involved in supplying energy and services to approximately 28 million customers in France. The Group generated onsolidated sales of € 65.2 billion in 2010, of which 44.5% was achieved outside of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
Contacts
Press:
Carole Trivi +33 (1) 40 42 44 19
Anne-Catherine Hehl +33 (1) 40 42 15 76

Analysts and investors:
Carine de Boissezon +33 (1) 40 42 45 53
David Newhouse (US Investors) +33 (1) 40 42 32 45

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