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Spiralling costs make Hinkley C nuclear project a risky test case for the global industry

Montel 4th Sept 2018 UK plans to build a nuclear plant in Anglesey – an outline agreement has
been struck – and the under construction Hinkley Point C are test cases
in the nuclear industry’s ability to compete, said a report on Tuesday.

The biggest danger was spiralling costs, with the controversial Hinkley
Point in southwest England set to cost GBP 20bn, and given cheap and
plentiful gas and the rise of renewable power, many industry observers
wonder how nuclear power can compete, according to The Energy Transition
Report in the Financial Times. “We’ve seen a substantive decline in the
share of nuclear of total electricity generation worldwide,” said Paul
Dorfman, of the Energy Institute at University College London.–report/931254


September 8, 2018 - Posted by | general

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