Brexit Political Chaos Matters More for EDF Than Sterling Slump

  • Hinkley Point nuclear plant depends on government subsidy
  • Drop in pound would only slightly reduce return on project

For EDF Chief Executive Officer Jean-Bernard Levy, building two so-called EPR reactors at Hinkley Point is key for the future of the French nuclear industry.

Photographer: Simon Dawson/Bloomberg

The political chaos since the U.K.’s vote to leave the European Union should be more of a concern for Electricite de France SA’s 18 billion-pound ($23 billion) Hinkley Point nuclear power project than the slump in sterling.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.