nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Londan Mayor Boris Johnson scathing about £18bn cost of Hinkley nuclear plan

scrutiny-on-costsflag-UKBoris Johnson attacks ‘disgraceful’ spending on Hinkley – just a month after David Cameron hailed the ‘flagship’ deal, Independent 21 Nov 15
Mayor of London said the estimated £18bn cost of Britain’s first nuclear power station in two decades was an ‘extraordinary amount of money’ Boris Johnson has attacked the £18bn cost of Britain’s first nuclear power station in two decades as “a disgrace” – just one month after David Cameron announced the deal and hailed it as a “flagship project of cooperation” between China and the UK.

In a surprisingly scathing criticism of the Government, Mr Johnson – who attends Mr Cameron’s political cabinet meetings and is George Osborne’s main rival to be next Tory leader – said their pledge to underwrite the deal with £2bn of taxpayers’ money was an “extraordinary amount of money to spend”.

Work on the Hinkley Point C in Somerset is set to begin within weeks after Mr Cameron announced that a deal had been struck between French firm EDF and state-owned China General Nuclear Power (CGN) in October.

China pledged £6bn investment – a third of the total cost, with EDF funding the remaining £12bn, while the Government has agreed a “strike price” – a guaranteed price paid for electricity generated by Hinkley Point of £92.50 per megawatt hour for 35 years.

However the huge cost of the plant will ultimately be paid for by consumers through their bills.

Asked by Baroness Jones, a Green party London Assembly member who is fiercely opposed to nuclear power, whether he supported the building of Hinkley Point C despite its cost, Mr Johnson said: “I’m totally with you on that one – it’s a disgrace……http://www.independent.co.uk/news/uk/politics/boris-johnson-attacks-disgraceful-spending-on-hinkley-just-a-month-after-david-cameron-hailed-the-a6742281.html

November 23, 2015 - Posted by | politics, UK

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

« Previous | Next »