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EDF says cannot give timing for investment decision on UK nuclear project

Reuters - UK Focus

LONDON, May 24 (Reuters) - EDF (Paris: FR0010242511 - news) cannot give a definitive time for when the French utility will make an investment decision regarding the Hinkley C nuclear project in Britain, EDF Energy CEO Vincent de Rivaz told British lawmakers on Tuesday.

The project, estimated to cost 18 billion pounds ($26.16 billion), was announced in October 2013. It (Other OTC: ITGL - news) is expected to produce seven percent of Britain's electricity when built, but a final investment decision has been delayed as EDF secures partners and financing.

($1 = 0.6881 pounds) (Reporting by Susanna Twidale; editing by Jason Neely)