nuclear-news

Soaring costs are likely for planned Wylfa nuclear station, but EDF, Westinghouse, Kepco clamour to build it

An EDF spokesman described Wylfa as a “fantastic site” and said it
wanted to bid to build the new plant. However, it is expected to face
competition from Westinghouse, an American company, and Kepco, South
Korea’s largest electrical utility firm.

The costs of the new plant are uncertain. Hinkley Point C was originally costed at £18bn but overruns have already pushed that up to at least £46bn. With several more years of
construction needed, final costs are expected to exceed £50bn –
equivalent to about £1,800 per UK home. Hinkley developer EDF is liable
for the extra costs.

The Wylfa B plant is also likely to be financed under
the RAB system which means consumers will see bill increases for Wylfa B
and Sizewell C before either generates any power. Alison Downes, of Stop
Sizewell C, said: “The Government seems determined to double down on
gigawatt nuclear, the slowest most expensive energy source to build, which
the British public – in the form of taxpayers and consumers – will be
forced to pay for.

“We send our empathy to the people of Anglesey who
will be forced to fight yet another inappropriate development. Our advice
is to take very little of what is promised in the form of ‘community
benefits’ at face value.”

Andrew Bowie, the minister for nuclear
energy, was on Wednesday scheduled to meet with the Nuclear
Non-Governmental Organisation Forum to hear various groups’ concerns over
the expansion of nuclear energy. However, he cancelled the meeting at short
notice as news of the Wylfa plan emerged.

 Telegraph 21st May 2024
 https://www.telegraph.co.uk/business/2024/05/21/anglesey-host-britain-third-new-nuclear-power-station/

May 23, 2024 - Posted by Christina Macpherson | politics, UK