The UK’s finance minister, Philip Hammond, has described the terms of the Hinkley Point C nuclear power plant project as a “well-designed transfer of risk”. Meanwhile British company Rolls-Royce has for the second time become a ‘preferred bidder’ for the project in Somerset, and members of EDF Energy’s advisory panel have argued it is “strongly in the national interest to press ahead with the plant”. Hinkley Point C received a long-awaited and positive final investment decision (FID) from the EDF board on 28 July, only for the UK government to postpone signing its supporting agreements. Prime Minister Theresa May is reviewing the deal and will decide this month whether to commit the government’s support.
World Nuclear News 9th Sept 2016 read more »
Rolls-Royce (RR.L) said on Friday it had been awarded “preferred bidder” status to supply a diesel system to Hinkley Point C, the British nuclear plant that has been put on hold for further review by Prime Minister Theresa May.
Reuters 9th Sept 2016 read more »
John Lindberg: To save Britain’s nuclear future, May must drop Hinkley. To opponents of nuclear power Hinkley Point C must seem to be a gift that just keeps on giving. Delay after delay, budget overrun after budget overrun, this project has turned from being the bright future of nuclear power to embodying most of the things that its opponents claim it to be. It is now time that the Government pulls the plug on the project and return to the drawing board. A new nuclear approach is needed, an approach that not only plays to the UK’s strengths, but also allows us to address the nuclear legacy in a sustainable manner. Only one conclusion can reasonably be drawn from the Hinkley Point C debacle – it is time to admit defeat and pull the plug. The EPR is not fit for purpose and represents the worst of an industry, gripped by the misconceptions its enemies are nurturing. The answer is a break with the status quo. The Integral Fast Reactor (IFR) concept was designed to bear in mind potential problems such as waste and fuel management whilst ensuring a safe energy supply. Such is the scientific sophistication of modern reactors, including IFRs, that they are becoming as safe as it is possible to make them, notwithstanding human error. The IFRs are able not only to unlock the full energy potential of uranium, but also use the transuranic waste from conventional nuclear power plants. This addresses the waste management issues in a sustainable manner, whilst providing even more energy. These ‘fast’ reactors are not a new concept, and we have accumulated over 300 reactor years-worth of experience. GE-Hitachi’s PRISM reactor is merely one of many projects that seek to commercialise the fast reactor technology. It is therefore high time we challenge the status quo. The deployment of IFRs and other Gen IV reactor concepts should be considered as a matter of urgency, coupled with already commercial reactors such as Westinghouse’s AP1000 – reactors which well could be used in a new Hinkley deal
Conservative Home 10th Sept 2016 read more »