nuclear-news

Sizewell C signs multi-billion euro deal with nuclear reactor business Framatome

By Shannon Eustace, BBC News, Suffolk, 19 Apr 24

A company that specialises in nuclear plant equipment has signed a multi-billion Euro deal with Sizewell C.

The nuclear power plant, partly funded by the French energy company EDF, is earmarked for land between Aldeburgh and Southwold in Suffolk.

Framatome has been awarded several contracts which will see them deliver two nuclear heat production systems……………………

The planned plant will be a near-replica of Hinkley Point C in Somerset, which Framatome has also worked on, and is expected to cost about £20bn, and take nine years to build.

Mr Fontana continued: “This project will benefit from the valuable experience garnered from Hinkley Point C and our teams are determined to make it a success.”

However, Alison Downes, from the Stop Sizewell C campaign group, wanted to know how the newly-signed contract would be funded.

“How can Sizewell C sign contracts for multi-billions of Euros when there is no evidence it has that kind of money, and a Final Investment Decision has not been made?” she said.

“The capital raise is ongoing and may still fail, and by its own account, EDF reached its financing cap for Sizewell C at the end of 2023, so the only money going in to the project at this point is from taxpayers.

“What secret promises has our government made? Have Ministers guaranteed that taxpayers will foot the bill for Sizewell C regardless of the cost, value for money, or any third party investment?”   https://www.bbc.co.uk/news/uk-england-suffolk-68849170

April 22, 2024 - Posted by Christina Macpherson | business and costs, UK