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UK’s Hinkley nuclear plant developments stalled as financial negotiations drag on

UK subsidyHinkley Point C nuclear project workers face layoff , Guardian 2 Apr 15 Up to 400 constructors at site of new nuclear power station could be laid off as preparation work comes to end before final investment decision by owner EDF. As many as 400 workers at the site of a new nuclear power station at Hinkley Point face being laid off while the French owners of the project decide whether to make an investment in the £16bn project.

EDF has almost completed the project’s preparatory earthworks, drainage, welfare facilities and roadworks, but is yet to decide on the investment to mark the beginning of the construction the plant in Somerset.

The company said a decision would be reached in the coming months, and it has already launched a 45-day redundancies consultation, said the unions…….

It is the first new new nuclear plant in the UK in decades and is scheduled to start producing electricity in 2023. EDF, however, is still negotiating with UK authorities about government debt guarantees for the project, along with decommissioning costs and other details.

It is also negotiating with two Chinese utilities about their role in Hinkley Point and possible future UK nuclear projects with EDF……http://www.theguardian.com/environment/2015/apr/02/hinkley-point-c-nuclear-project-workers-face-layoff-power-station-investment-edf

April 3, 2015 - Posted by | business and costs, politics, UK

1 Comment »

  1. Thanks for this, as well as all of your other hard work! But, what’s really strange is that I had found this article and read it around 8 pm British time on 1 April, which is 2 April in Australia, and then couldn’t find it afterwards! I looked within the Guardian web site, search engines, etc. It links through your post now. I knew that it wasn’t April Fools because even read it on the EDF site. Maybe the Guardian reposted it as 2 April so that people would know it was for real. Very strange. One thing that I noticed is that they want to frame it as lay-offs rather than what it is. Thanks for giving it a proper title. Maybe they had pulled it back to change the title to go with Monbiot’s pro-nuke agenda. I think it had a proper title before. I hate when they pull news back. I have seen BBC do it too. That’s one more advantage of the printed word.

    miningawareness's avatar Comment by miningawareness | April 3, 2015 | Reply


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