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EDF Energy is "in no hurry" to agree a strike price with the British government for its nuclear plant, its chief executive said yesterday.
Henri Proglio, who is meeting government to agree the guaranteed minimum amount the French firm will receive every time it generates a unit of electricity for Hinkley Point C, said he was prepared to let negotiations “fail”.
“We have precise conditions in mind, and we are negotiating with the British,” he told reporters. “We obtained an extension of the life span of existing plants. As far as I am concerned, negotiations can also fail.”
It is understood that EDF wants at least £100 pounds per MWh while government would prefer around £80.
EDF wants to build two reactors for about £14 billion, but wants assurances that it can recoup its investment with a government guarantee to support energy prices.
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