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Low-key ceremony for final signing of Hinkley nuclear power project

Hinkley planHinkley Point: ministers sign go-ahead for nuclear power plant  Representatives of British, Chinese and French governments attend ceremony giving final authorisation for power station, Guardian, , 30 Sept 16, The UK has signed its £18bn contract with France and China to build the Hinkley Point C nuclear power station, giving the final go-ahead for construction at the site in Somerset.

The deal was finalised at a low-key ceremony in London, just two months afterTheresa May alarmed her French and Chinese counterparts by putting the entire project under review. EDF, the French nuclear contractor, and its Chinese partners had to cancel their previous plans for a signing ceremony at the last minute when the review was announced in July.

The project finally got approval this month, after Greg Clark, the business secretary, announced there would be some new restrictions on future investments in critical infrastructure if there were national security concerns.

Clark attended the signing ceremony on behalf of the UK, alongside Jean-Bernard Lévy, the chairman of EDF, and He Yu, chair of China General Nuclear…….

Greenpeace said it was “no wonder the UK government has opted for a ‘champagne-free’ signing ceremony away from public view”.

The environmental group said: “With a stroke of the pen ministers are signing away billions of pounds of billpayers’ money to a project they know is plagued by legal, financial and technical problems. In the unlikely event Hinkley is working some time in the second half of the next decade, renewable energy will be much cheaper, yet British consumers will still be forced to pay over the odds for nuclear power. It’ll be like being locked into an expensive fixed-rate mortgage as interest rates plummet.”…….

September 30, 2016 - Posted by | politics, UK

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