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UK government PR exercise “Great British Nuclear” headed for financial failure.

 Letter Steve Thomas: Six months after it was announced, it is clear that
Great British Nuclear was no more than a government PR exercise. You report
that it “could prevent a repeat of the Wylfa and Cumbria farragoes”.
That would be remarkable.

The Cumbria project failed because the reactor
supplier, Westinghouse, went bankrupt; Wylfa failed because, although the
government offered to take a 30 per cent stake, no other investors came

he problem with nuclear is not that we don’t have the
organisation quite right. It’s that nuclear is far too expensive and
economically risky and takes much too long to build to be any use.

 Times 25th Sept 2022


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

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