Sizewell budget meltdown could hit taxpayers under EDF proposals
Sizewell budget meltdown could hit taxpayers under EDF proposals, Rachel Millard, June 23 2019, The Sunday Times, Taxpayers could end up on the hook for cost overruns if a new £20bn nuclear power station in Suffolk blows its budget by more than 30%, under plans proposed by French energy giant EDF.
It is trying to attract investors to bankroll Sizewell C. EDF has told investment funds it wants similar state support for London’s £4.2bn super sewer.
Ministers have pledged to fund any cost overruns of more than 30% on the Thames Tideway Tunnel, and to act as lender of last resort if funding dries up.
The proposal by EDF is part of a broader push to create a new model for funding nuclear power after Japanese giants Hitachi and Toshiba ditched plans to build reactors in the UK.
The regulated asset base… (subscribers only) https://www.thetimes.co.uk/edition/business/sizewell-budget-meltdown-could-hit-taxpayers-under-edf-proposals-wrjdkdx20
No comments yet.
-
Archives
- August 2022 (157)
- July 2022 (368)
- June 2022 (277)
- May 2022 (375)
- April 2022 (378)
- March 2022 (405)
- February 2022 (333)
- January 2022 (422)
- December 2021 (299)
- November 2021 (400)
- October 2021 (346)
- September 2021 (291)
-
Categories
- 1
- 1 NUCLEAR ISSUES
- business and costs
- climate change
- culture and arts
- ENERGY
- environment
- health
- history
- indigenous issues
- Legal
- marketing of nuclear
- media
- opposition to nuclear
- PERSONAL STORIES
- politics
- politics international
- Religion and ethics
- safety
- secrets,lies and civil liberties
- spinbuster
- technology
- Uranium
- wastes
- weapons and war
- Women
- 2 WORLD
- ACTION
- AFRICA
- AUSTRALIA
- Christina's notes
- Christina's themes
- culture and arts
- Fuk 2022
- Fukushima 2017
- Fukushima 2018
- fukushima 2019
- Fukushima 2020
- Fukushima 2021
- general
- global warming
- Humour (God we need it)
- Nuclear
- RARE EARTHS
- Reference
- resources – print
- Resources -audiovicual
- World
- World Nuclear
- YouTube
-
RSS
Entries RSS
Comments RSS
Leave a Reply