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If Britain’s Hinkley nuclear project is cancelled, Britain would have to pay around £22bn to EDF

Express 18th July 2017, The Government admitted an agreement made in September last year over theHinkley Point C nuclear power station means operators EDF can claim
compensation if there is a change in British, EU or international law,
policy or guidance, which forces the £24bn project to close early.

Richard Harrington, the energy and industry minister, confirmed the payments could
be “up to around £22bn” in a written answer to Labour’s Dr Alan
Whitehead at the beginning of July. Mr Harrington said: “We remain firmly
committed to bringing forward the UK’s first new nuclear power plants in
a generation.  http://www.express.co.uk/news/uk/830098/Brexit-EDF-Hinkley-Point-C-compensation-nuclear-power-Euratom-Treaty

July 19, 2017 - Posted by | business and costs, Legal, UK

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