nuclear-news

Britain’s Wylfa Newydd nuclear plant not likely to go ahead

‘Slim chance’ Wylfa Newydd nuclear plant will go ahead By Steffan Messenger BBC Wales Environment Correspondent 5 April 2016

Plans to build a new nuclear power plant on Anglesey have a “slim to zero” chance of going ahead, an industry expert has claimed.

Independent consultant Mycle Schneider is a lead author of the annual World Nuclear Status report. He said the Hinkley Point C project’s difficulties would affect Wylfa Newydd’s ability to attract investors. But Horizon Nuclear Power said it was very confident the new power station would be delivered successfully.

Speaking to BBC Radio Cymru’s Post Cyntaf programme, Mr Schneider, who has advised both the French and German governments on nuclear policy, said: “The Hinkley Point project is in great difficulties and you could argue that the uncertainties are even larger in the case of Wylfa Newydd.”

The Anglesey plant, he said, would need “very clear and very large subsidies to get off the ground”.

Horizon is in talks with the Department of Energy and Climate Change (DECC) on issues such as the strike price, which will be key to attracting additional finance.  Richard Foxhall of Horizon Nuclear Power told BBC Wales other investors would need to be brought on board to deliver Wylfa Newydd and that talks were ongoing.

“What is important is that the right conditions for investment are made and part of that is discussions with the government,” he said.

“But we’re very, very confident that we can reach a successful conclusion to those negotiations and make sure the conditions are there to attract investment.”

The chairman of Horizon’s parent company Hitachi has warned it may walk away from the project if a viable deal cannot be reached………http://www.bbc.com/news/uk-wales-35959840

April 6, 2016 - Posted by Christina Macpherson | business and costs, UK