Contractors working in the South-west have said they will need to re-evaluate building designs and increasingly turn to offsite manufacturing due to the large demand for workers at Hinkley over the next five years. Problem areas for the contractors include the demand for steel fixers and concrete crews, with firms already looking at alternatives to concrete frames on various projects. Steel fixers position and secure steel rebar and steel mesh used in reinforced concrete. Bam Construct western regional director Tim Chell said his firm was trying to “second guess” the market and was likely to increase its usage of steel frames due to a future shortage of concrete crews.
Construction News 1st Nov 2016 read more »
The U.K. government agreed to limit what the operator and investors of the newly approved, controversial Hinkley Point C nuclear power plant would have to pay for radioactive waste storage, pushing the rest onto taxpayers, government documents reveal. The government approved the plant, which will be operated by state-controlled French energy firm, EDF, with financial backing from China, last month. In its reporting on Sunday, the Observer wrote that one document said there would be a “cap on the liability of the operator of the nuclear power station which would apply in a worst-case scenario.” “The U.K. government accepts that, in setting a cap, the residual risk, of the very worst-case scenarios where actual cost might exceed the cap, is being borne by the government,” it stated. The British paper adds: “Separate documents confirm that the cap also applies should the cost of decommissioning the reactor at the end of its life balloon.”
Common Dreams 31st Oct 2016 read more »
France and China will set up a fund for joint investment in overseas projects, France’s foreign minister said on Monday, as China’s voracious appetite for overseas acquisitions continues to grow despite some recent stumbles in overseas markets. “Hinkley Point is a very good example of what we’re going to do together, to win contracts in third markets and in all sectors” Jean-Marc Ayrault told reporters at a joint briefing with China’s foreign minister Wang Yi in Beijing. He was referring to a $24-billion (20 billion pound) Franco-Chinese project to build Britain’s first nuclear power plant station in decades.
Reuters 31st Oct 2016 read more »