As Business and Energy Secretary Greg Clark fielded questions from the Business, Energy & Industrial Strategy (BEIS) Committee, edie round-ups seven key talking points that look set to form integral roles in the highly-anticipated industrial strategy. Much of the UK’s low-carbon generation, more than half in fact, has derived from nuclear sources. The approval of the Hinkley Point C nuclear plant in Somerset has proved that nuclear will play a big part in the UK’s energy mix, despite concerns from green groups. The £18bn cost issue aside, Clark claimed that EDF, the company constructing the project, should seek him out if they had any Brexit issues in a similar vein to Nissan’s worries. The construction of Hinkley Point C will create an estimated 25,000 jobs, with completion scheduled for 2025. It will provide 7% of Britain’s electricity, enough power for six million homes, for almost 60 years. With an agreed strike price of £92.50/MWh, the 3.2GW facility has a 35-year tariff that could see costs spiral to £82bn if not monitored carefully.
Edie 15th Dec 2016 read more »
More than 1,000 workers are now on the site of Hinkley Point C in Somerset. After years of delays, uncertainty and political wrangling, construction of Britain’s first nuclear station for nearly 30 years is powering ahead. Construction Director Rob Jordan says it will be delivered on time and on budget.
BBC 15th Dec 2016 read more »