The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

UK government likely to scrap the present funding plan for Hinkley nuclear power project

Telegraph 3rd Oct 2017, The Government is likely to scrap the complex funding arrangements used to
prop up the development of Hinkley Point C after an energy minister
admitted the deal is unlikely to be used for future nuclear projects.
Richard Harrington, who joined the Business and Energy department as a
junior minister earlier this year, said nuclear “absolutely” had a role
to play in the future energy mix, but appeared to bow to Hinkley’s
critics by admitting the financing model was “unlikely” to be used
again. Speaking on the fringes of the Conservative Party conference, he
said he believed that a “third model” existed between the complex deal
agreed with EDF Energy on Hinkley, and the suggestion that Government
should be the main financier behind nuclear projects in order to drive
costs lower.


October 6, 2017 - Posted by | politics, UK

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: