Jean-Bernard Levy, chairman and CEO of European utility EDF, has expressed relief over the U.K. government's decision to give the Hinkley Point C nuclear project the green light.
"We are relieved because it's been many, many years with a lot of work for many people in the U.K., also in France, and in China," Levy told CNBC at the World Energy Congress in Istanbul.
"This is a partnership for Hinkley Point, between the United Kingdom and China and France, so (we are) relieved that we have been able to get this decision behind us," he added.
"We have a little more than nine years to deliver the first unit, so that's a very exciting challenge."
The joint project has proved controversial: Critics have raised concerns over the fixed price of £92.50 ($113.40) per megawatt hour of electricity for 35 years once the plant begins generating as well as potential risks to the U.K.'s security, given that foreign firms will have a stake in crucial U.K. energy infrastructure.
"The new British government, with Mrs (U.K. Prime Minister Theresa) May, they have made their decision, and what they have publicised, there is a very interesting document called Value for Money," Levy said.