Nuclear developers NuGen and Horizon have played down fears that scrapping Hinkley Point would derail the wider UK new-build programme, insisting their projects are not dependent on EDF’s getting the go-ahead. Industry experts have warned that confidence across the sector would be damaged if Theresa May pulls the plug on the £18bn project, especially given the French energy giant has already invested £2.4bn in Hinkley with unstinting Government support until now. But NuGen, which is jointly owned by Japan’s Toshiba and France’s Engie, said it would continue developing its project at Moorside in Cumbria “irrespective of the status of other developers’ plans”.
Telegraph 2nd Aug 2016 read more »