The Hinkley Point C power station project has smashed its target of spending £1.5 billion with businesses in the South West, five years ahead of schedule. New figures released in the project’s latest Socio-Economic impact report show that £1.7 billion has now been spent with more than 1,100 companies across the region. The report can be read here. Somerset has benefitted from £368 million of the spend, whilst the Bristol area has seen £448 million. £147 million has been spent in Gloucestershire and £59 million in Devon.
EDF 26th May 2020 read more »
Energy regulator Ofgem has confirmed its decision to cut the proposed cost of the Hinkley-Seabank project by £60m. The link, which is due to be completed in 2024, will connect the new Hinkley Point C nuclear power station to the grid. In October Ofgem set out the areas it deemed National Grid Electricity Transmission (NGET) costs to be too high.
Insider Media 26th May 2020 read more »