Commons committee chairman Tim Yeo says heads of state must intervene, after EDF casts doubt on its UK investment

Tim Yeo, chairman of the energy and climate change committee.
The prime minister must step in urgently to rescue the UK’s nuclear power programme, or risk it failing, a senior Tory has warned after French nuclear company EDF gave a downbeat report on the prospects for a new fleet of reactors in the UK.

Chairman of the influential energy and climate change committee and former Tory cabinet minister Tim Yeo said that Cameron must speak to his French counterpart, Francois Hollande, in order to decide what conditions are necessary for the state-owned French utility to fulfil its planned investment.

“This is something that can only be done by the heads of government of Britain and France,” he told the Guardian. “There may need to be special arrangements for nuclear [separate from the regulation and subsidy of other forms of power]. Given the size of this investment – billions and billions, with a return on investment coming well into the 2020s – this has to involve the heads of government.”

Yeo was speaking after the committee’s MPs questioned EDF Energy chief executive Vincent de Rivaz and several other energy company senior directors. De Rivaz was “very downbeat” on the prospects for new nuclear power stations, said Yeo.

Source: Guardian