nuclear-news

Hinkley nuclear station still might never happen

Hinkley C nuclear go-ahead: May caves in to pressure from France and China, Ecologist Oliver Tickell 15th September 2016 It still might never happen

But despite today’s announcement there remains considerable uncertainty as to whether HPC will actually be built – among them legal challenges in the European Court to the unbelievably generous subsidy package for the project which appears to be incompatible with the EU’s ‘state aid’ regulations.

In addition both EDF and CGN, poised to take a 33.5% share in HPC, are unlikely to commit significant further capital to HPC until the Flamanville situation is resolved, and there is at least one working EPR to demonstrate that the design is constructable and operable – something that is still years away.

The highly risky (if potentially very profitable) project is also widely opposed within EDF as if it fails to ever generate power, or to operate reliably, it is likely to bankupt EDF. Also the company has yet to to line up the £16 billion (or more) it will need to finance its share of the project.

“This decision is unlikely to be the grand finale to this summer’s political soap opera”, said Greenpeace executive director John Sauven. “There are still huge outstanding financial, legal and technical obstacles that can’t be brushed under the carpet.

“There might be months or even years of wrangling over these issues. That’s why the Government should start supporting renewable power that can come online quickly for a competitive price.”

Richard Black, director of the Energy and Climate Intelligence Unit (ECIU), added:“Despite this being called a ‘final decision’ to build Hinkley C, other hurdles, including technical and legal challenges, may well lie ahead for the project.

“French trade unions don’t like it, nor do some of the likely candidates for the French Presidential Election next year, EDF’s finances are not the healthiest, and the French nuclear regulator is examining flaws in steel used for a similar reactor being built in France. So it may turn out not to be quite as ‘final’ as it looks now.

“Although China is reportedly happy with the new position, questions also remain over its main ambition – building its own nuclear reactors at Bradwell in Essex as a route into the Western market. The Chinese reactor hasn’t even begun the process of gaining UK safety approval, which usually takes four years, so negotiating a contract for Bradwell would fall to the next UK Government, not this one.

“And by then, electricity from other sources might look a whole lot cheaper than it does now.” http://www.theecologist.org/News/news_analysis/2988131/hinkley_c_nuclear_goahead_may_caves_in_to_pressure_from_france_and_china.html

September 16, 2016 - Posted by Christina Macpherson | politics, UK