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Future of Bradwell nuclear project in doubt – Chinese company might withdraw

BANNG 22nd Oct 2018 ,  BANNG has long maintained that there is no need for a new nuclear power
station at Bradwell. The costs, in terms of the long-lasting, physical
damage to the tranquil and vulnerable Blackwater estuary, of the finances,
of the potential for terrorist attacks and of the uncertainties around
investment by a potentially hostile state, are too high.
Nuclear power is an old-fashioned technology and given the continuing success and decreases
in the costs of renewables and storage, there will be no need for it by the
time Bradwell B could be in operation.
In its partnership with EDF, CGN, a Chinese state-owned nuclear company, is the majority two-thirds stakeholder
in the Bradwell B project. However, it seems now that CGN is wavering. In
the Financial Times of 18 September it was reported that CGN ‘has
admitted that political sensitivities could prompt it to give up the chance
to operate a new atomic power plant in the UK’.
The Chinese withdrawal, should it come, would appear to reflect widespread concerns about the
security issues surrounding Chinese investment into a highly sensitive part
of the UK’s national infrastructure. In the Financial Times, Zheng
Dongshan, Chief Executive of CGN’s UK subsidiary, is reported as
acknowledging that it would take time for CGN ‘to show the public, the
government they can trust us’. Andy Blowers, Chair of BANNG, said: ‘The
project may be doomed anyway as the Bradwell B site is totally unsuitable
and is opposed by communities all around the Blackwater estuary.’
https://www.banng.info/news/is-bradwell-b-going-down-the-drain/

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October 25, 2018 - Posted by | China, psychology and culture, UK

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