EDF’s Hinkley C nuclear power plant will experience a budget overrun of between one billion and 3 billion euros as its construction could be delayed by two years, French newspaper Le Monde said on Saturday, citing sources close to the matter. Le Monde said that the first conclusions of an internal review of the project showed that construction initially slated for end-2025 was not likely to start before 2027. “The first conclusions…show there will be a financial overrun tied to calendar delays,” several sources close to the matter said.
Reuters 24th June 2017 read more »
A Westcountry nuclear plant – Britain’s first reactor for 20 years – has been slammed as costly and a risk, a new report says. The Government’s deal for a new nuclear power plant at Hinkley Point, on the Somerset close, has locked consumers into a “risky and expensive project” with uncertain benefits, the National Audit Office (NAO) warned.
Devon Live 23rd June 2017 read more »
Theresa May came close to ditching Hinkley last summer, before apparently concluding that a bad deal is, in this case, better than no deal. It’s true that Britain has an energy gap but it’s also increasingly clear that Hinkley is not the answer. What would a better electricity deal look like? First, we need to be much more nimble: mammoth infrastructure projects like Hinkley look out of date before construction has even started. By basing the deal on pessimistic energy price forecasts back in 2012, the Government committed to paying EDF more than double the market price for electricity at a time when prices are falling. We should use home-grown solutions. British engineering companies are developing small nuclear reactors, based on existing technology, capable of being built off-site and installed much more quickly and cheaply than a giant reactor like Hinkley. Instead of paying hefty subsidies to EDF, why aren’t we promoting these British engineering skills, with the potential not just to supply the UK but to export their products?Finally, the Government must continue to make the case for fracking in the UK. Shale gas has driven down US energy prices, providing so much fuel that the gas is being liquefied and sold across the world. Because gas is the fossil fuel with the lowest emissions, it can provide us with cheap and reliable fuel at the lowest environmental cost – long before Hinkley Point raises its ugly and expensive head across the Somerset landscape.
Telegraph 23rd June 2017 read more »
Lucas: “Consumers and taxpayers are going to be ripped off by this absurd project” Caroline Lucas, the co-leader of the Green Party, has responded to a report by the National Audit Office on Hinkley Power Station. The report says that the Department for Business, Energy and Industrial Strategy’s deal for Hinkley Point C has locked consumers into a ‘risky and expensive project’ with uncertain strategic and economic benefits. The multibillion pound project at Hinkley is currently supported by both Labour and the Coservatives, but opposition to the plans is expected to grow as the costs soar. Caroline Lucas, co-leader of the Green Party, said: “The National Audit Office’s damning report confirms what many of us have been saying for a long time: the Hinkley deal is overpriced and risky. Not only are consumers and taxpayers going to be ripped off by this absurd project but it will also divert resources away from building the clean energy infrastructure we need, and threaten our climate change targets because of the snail’s pace at which it will be built. “The fight against Hinkley isn’t over – and we will be joining campaigners in continuing to highlight the major shortcomings of this project. This is a crossroads for Britain – and the signing of this deal has seen us swerve down the wrong path. By reversing this decision we can put the resources needed into building a decentralized energy system where Britain puts to use its most abundant resources: the sun, sea and wind.”
Green Party 23rd June 2017 read more »
MORE than 260 people crowded into the Hinkley C recruitment event in Minehead with job-seekers queuing up to find out more. The event was held to highlight potential opportunities from the Hinkley Point C new nuclear power station. West Somerset Council employment and skills staff are working together to ensure local communities are in a good position to benefit from jobs arising from Hinkley Point C and said the Minehead event proved ‘a huge success’. Representatives from Hinkley Point C Jobs Service, G4S Security and Facilities Team, Somerset Larder, Jobcentre Plus and Somerset Passenger Solutions (SPS) were present and were inundated with enquiries.
This is the West Country 23rd June 2017 read more »