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No “green light” for £20bn Sizewell nuclear project, but the UK govt “in talks” with EDF

Sizewell C: Government in talks to fund £20bn nuclear plant, BBC , By Roger Harrabin & Simon Read, 14 Dec 20,   The government has begun talks with EDF about the construction of a new £20bn nuclear power plant in Suffolk……..   it has proved controversial with campaigners saying it is “ridiculously expensive” and that taxpayers will have to foot the bill for extra costs.

The government said any deal would be subject to approval on areas such as value for money and affordability.,,,,,,

The government said talks with EDF about Sizewell C would depend on the progress of the Hinkley Point C. However, that project is set to cost up to £2.9bn more than originally thought and will be up to 15 months late.

China General Nuclear Power has a 20% stake in Sizewell C but is thought to be planning to pull out after security concerns were raised about a Chinese state-owned company designing and running its own design nuclear reactor on UK soil…….

If it does pull out, it would increase the need for new investors. One option could be for the government to take a stake in the plant……

“We are starting negotiations with EDF, it is not a green light on the construction,” Business and Energy Secretary Alok Sharma told the BBC’s Today programme. https://www.bbc.com/news/uk-55299511

December 15, 2020 - Posted by | politics, UK

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