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Row over UK nuclear plant alarms EDF investors

EDF finance chief Thomas Piquemal resigned after a disagreement over the £18-billion (23.2-billion-euro, $25.5 billion) Hinkley Point project in Somerset, southwest EnglandThe resignation of French energy giant EDF’s finance chief sent its shares plunging Monday as concerns grew over the risks of its plan to build a next-generation nuclear plant in Britain. Thomas Piquemal quit after a disagreement within EDF over the £18-billion (23.2-billion-euro, $25.5 billion) Hinkley Point project in Somerset, southwest England, which has been slated to produce seven percent of Britain’s energy needs by 2025. EDF confirmed his resignation with immediate effect, with a company source saying Piquemal had quit in a dispute over the “short-term feasibility” of the project.

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