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Scrutiny of UK’s nuclear subsidy will delay Hinkley nuclear plant

UK-subsidyBrussels ‘state aid’ inquiry to hit Hinkley Point new nuclear plans An investigation by the EU into new £16bn Somerset plant could delay development for a year Telegraph, By , Energy Editor 11 Dec 2013 Britain’s £16bn plans for its first nuclear plant in a generation could be delayed or derailed by an EU investigation into possible illegal state support, which is likely to be launched within days.

European Commission officials are expected to publish a strongly-worded list of potential breaches of state aid laws in the funding arrangements for the Hinkley Point project, in an initial decision as early as Wednesday.

Under a deal struck by the Government with French energy giant EDF in October, UK energy bill-payers would be committed to paying billions of pounds in subsidies for the plant in Somerset for 35 years…….http://www.telegraph.co.uk/finance/newsbysector/energy/10512279/Brussels-state-aid-inquiry-to-hit-Hinkley-Point-new-nuclear-plans.html

December 13, 2013 - Posted by | general

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