There was a sense of excitement flowing through the delegates at the Nuclear Industry Association’s annual conference today. The government’s approval of Hinkley Point C in September has clearly injected a new belief and momentum into a sector all-too familiar with false dawns. And that momentum is now being felt on the ground at the £18bn Somerset plant. “1,000 workers currently on site” and “first nuclear concrete expected in Q1 2017” Mr Cadoux-Hudson told delegates. And as the workload grows, so do the opportunities. EDF Energy commercial director Ken Owens revealed that there was £3bn of work that still needs to subcontracted out by Hinkley’s main suppliers. So, with one nuclear plant now seemingly signed, sealed and in the early stages of being delivered, what about the rest of the nuclear new-build pipeline? Focus now switches to Horizon’s Wylfa Newydd plant in Anglesey. The Hinkley green light might have led to some in construction hoping for a flurry of opportunities from the £10bn project over the next 12 months. These aspirations might need to be dampened, however. While Hinkley could rely on China’s state-backed CGN and France’s state-backed EDF to help fund its delivery, Horizon does not have that luxury. Instead it will need to raise much more of its capital funding through attracting private investors – and proving to them it’s a safe bet. This is something Horizon’s CEO Duncan Hawthorne knows will be a challenge. “Quite honestly, we can’t point to a large parade of successful (nuclear) projects,” Mr Hawthorne acknowledged. “We have to have a credible story in order to get financial support for the build costs.”
Construction News 1st Dec 2016 read more »
The Nuclear Skills Strategy Group (NSSG) today launched its Nuclear Skills Strategic Plan to ensure UK nuclear employers can “recruit skilled people at the required rate to meet the sector’s ambitious forward program”. The Strategic Plan was launched at Nuclear 2016, the Nuclear Industry Association’s annual conference in London.
World Nuclear News 1st Dec 2016 read more »