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UK’s Sizewell nuclear project remains unfinanced

 Alistair Osborne: The wind of change with no direction. Sizewell all at C.
Sometimes the brackets do a lot of work: “The government will continue to
secure the UK’s energy security through delivering new nuclear power,
including Sizewell C (subject to final agreement)”.

How far away is that deal? Maybe an unbuilt nuke on a Suffolk flood plain really can attract an
investor fan club. But, as yet, this £20 billion to £30 billion project
— the top end, natch, knowing nuclear — remains unfinanced.

France’s EDF only wants about 20 per cent of the project, with the taxpayer possibly
taking a fifth. And the only money pledged to date is the £700 million
from Boris Johnson on his way out of No 10. Final agreement may prove some
way off.

 Times 18th Nov 2022

https://www.thetimes.co.uk/article/alistair-osborne-the-wind-of-change-with-no-direction-w8kcq5l9b

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November 20, 2022 - Posted by | business and costs, UK

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