nuclear-news

Nuclear bondoggle for Britain, as EU considers power plan?

EU regulators set to clear Britain’s 19 billion euro nuclear project – sources, Reuters,  By By Foo Yun Chee and Barbara Lewis , 17 Sept 14 “……….The EDF-led consortium plans to build two Areva-designed 1,650 megawatt European Pressurised Water Reactors that will produce about seven percent of British electricity needs and will operate for 60 years.

EDF’s long-time Chinese partners, China General Nuclear Corporation (CGN) and China National Nuclear Corporation (CNNC), will take a combined 30-40 percent stake in the consortium, while Areva will take 10 percent.

Areva declined to comment, while the Chinese companies were not immediately available to comment

Green politicians and environmental campaigners have said the British financing plan for Hinkley Point cannot be justified either in terms of EU law or value to consumers because of the huge financial cost of nuclear power.

“The proposed deal pays no attention to either European law or the interests of the consumer,” said Andrea Carta, EU legal adviser to campaign group Greenpeace. “Furthermore, the government has failed to run a transparent tender procedure, which should lead the Commission to reject the plan.” https://uk.news.yahoo.com/eu-regulators-set-clear-britains-19-billion-euro-172902698–sector.html#UaQrvxr

September 18, 2014 - Posted by Christina Macpherson | EUROPE, politics international