Since the signing on October 21, 2015 of the Strategic Investment Agreement between EDF and China General Nuclear Power Corporation (CGN), which defined the principal terms of their partnership for the construction and operation of two 1600 MW EPR reactors at Hinkley Point C (HPC), discussions have continued which have led to the successful finalisation of contract documents in their stable form. Implementation of the arrangements with CGN was authorised respectively by the European and Chinese merger control authorities on March 10 and April 6 2016. The contracts with the British authorities1, which will come into effect when a final investment decision is made, are also in final form and ready to be signed, as are contracts with the main suppliers, notably Areva and GE/Alstom.
Before asking the EDF Board to consider a final investment decision, the Chairman and CEO of EDF wished to consult the Central Works Committee (CCE) in order to strengthen the social dialogue on this project of particular importance to EDF. The process of information and consultation was engaged upon on May 2 2016 and started by an information meeting with the CCE which took place on May 9 2016.
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