The long delayed verdict on plans to build the Swansea Tidal Lagoon could emerge as early as this week alongside a consolation prize designed to soothe anger among some Welsh MPs. Ministers were widely expected to axe plans to support the £1.3bn power project last week due to niggling doubts about its value for money for British energy users. But a political source close to the project has told The Sunday Telegraph that the long-awaited blow could be delivered as early tomorrow, putting an end to more than three years of wrangling over a financial support contract. A complete scrapping of road tolls across the Severn River could help sweeten the Swansea Tidal blow. The divisive project requires a 90-year agreement with the Government, starting at £123 per megawatt hour of electricity produced in the first year before reducing over time.
Telegraph 16th June 2018 read more »