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UK’s £24bn Hinkley Point nuclear project shunned by investors

piggy-bank--nuke-sadflag-UKInvestors shun UK’s £24bn Hinkley Point nuclear project, , Christopher Adams  , 24 Sept 15 

Delays and cost overruns that have dogged two nuclear reactors being built in France and Finland have deterred investors from joining a £24bn project to build a plant at Hinkley Point.

French utility EDF is in advanced talks with two Chinese partners — China General Nuclear Corporation and China National Nuclear Corporation — over their final shares of construction spending and roles in the building of up to three nuclear plants in the UK. An agreement could be reached this year.
But Jean-Bernard Levy, EDF chief executive, told Les Echos, the French financial daily newspaper, that it had been unable to secure the support of other investors after persistent problems with the proposed European pressurised reactor design………

September 25, 2015 - Posted by | business and costs, politics, UK

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