nuclear-news

Another kick in the teeth for UK taxpayers as EDF pockets another £170m of public money for their Sizewell C White Elephant.

In another lame attempt to prop up French adventurism into the UK’s energy sector, the UK
government has handed a further £170m from the public purse (note 1) to
EDF. With the CGN buy-out costing UK plc close to £700m and subsequent
‘encouragements’ to tempt reluctant investors to part with funding for
the doomed development at Sizewell, this brings the total amount of public
money handed over to EDF close to £1bn. East Suffolk residents could be
forgiven for thinking that Sizewell C is ‘shovel ready’: it is not. It
is, in fact, a long way from the Final Investment Decision (FID), the point
at which construction can begin. Even if the UK government and EDF can each
stump up £6bn the project will still be 60% short of the estimated £30bn
– a matter of £18bn to find. But that’s not all: dozens of licences
and permits have yet to be issued by the regulatory authorities, including
the site licence from the Office of Nuclear Regulation, and there is the
small matter of finding 2.2 million litres of mains water every day for 60
years of operation here in the driest county in the country, already
experiencing drought conditions.

 TASC 31st July 2023

August 2, 2023 - Posted by Christina Macpherson | politics, UK