nuclear-news

Britain’s new nuclear power projects – a public spending disaster in the making

No2NuclearPower 5th Sept 2017, Steve Thomas, Emeritus Professor of Energy Policy at the University of Greenwich, says many of the issues that arise with Hinkley Point C (HPC)
that might derail it apply equally to the whole Government programme.

He says we are probably at the point where we are looking at a public spending
disaster. Financing HPC will stretch EDF Energy to the limit and maybe
beyond.

He thinks there is no possibility of Sizewell C being built on the
timetable that the Government is looking at. He says we are in a surreal
situation where we are planning the two largest construction projects ever
built on UK soil – HPC and Moorside – and we are contemplating buying
the equipment from bankrupt and disgraced companies using technologies that
have abjectly failed wherever they have been built.

None of the three consortia (excluding Bradwell which is further off in the future) are
financeable in their present state. Here we look at the evidence presented
by Steve Thomas and others which questions whether any of these projects
will ever be successfully completed. On the other hand continuing with
these projects will seriously damage renewable and energy efficiency
programmes and delay real action to combat climate change.  http://www.no2nuclearpower.org.uk/recent-additions/uk-nuclear-policies-recent-changes-and-likely-developments/

September 9, 2017 - Posted by Christina Macpherson | business and costs, ENERGY, politics, UK