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Campaigners are raising some very awkward questions about the financing of UK’s £20billion Sizewell C nuclear power plant.

 Campaigners have raised questions after it was reported funding for a new
nuclear power station on the Suffolk coast is to be signed off by ministers
within a fortnight.

Funding for the £20billion Sizewell C plant is set to
be approved by the government by next month, paving the way for private
investment, according to The Telegraph. The decision would be a major boost
for EDF Energy, which is said to be in advanced talks with the government
over further cash to move the scheme forward ahead of a final investment
decision next year.

Reacting to the funding news, Alison Downes, from the
group, said: “Why do ministers appear willing to throw more cash at
Sizewell C, despite the risk and questionable value for money, when there
is none for hard stretched workers and – as Lord Deben pointed out – when
the nuclear industry ‘doesn’t deliver things on time and it doesn’t

deliver them to budget’?

“Nobody is even owning up to how much Sizewell C
would cost: the last estimate is more than two years out of date.” A
funding deal is not expected until after planning consent for Sizewell C is
granted, with the deadline for that decision set for July 8.

 East Anglian Daily Times 26th June 2022

https://www.eadt.co.uk/news/business/sizewell-c-funding-to-be-signed-off-9098750

June 28, 2022 - Posted by | business and costs, politics, UK

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