nuclear-news

Final investment decision on new nuclear plant Sizewell C is delayed

The crucial final investment decision (Fid) for the new nuclear power
plant Sizewell C is unlikely to be agreed until 2025, according to recent
reports. Financial sector publication Bloomberg reported that anonymous
sources close to the project said negotiations between potential private
investors were moving more slowly than had been expected.

The Fid had already been delayed by the general election, but new energy secretary Ed
Miliband indicated his support for Sizewell in an early speech to
parliament before the 2024 summer recess. Bloomberg reported negotiations
with Centrica, Emirates Nuclear Energy Corporation, Amber Infrastructure
Group and Schroders Greencoat are ongoing.

Earlier in July, Centrica chiefnexecutive officer Chris O’Shea said: “An investment decision this year would be dependent upon how the government and the Sizewell company want to
move. “We are able to move as quickly as the other parties, but I think
we should be realistic that the government have been in office less than
three weeks and they need to figure out what they want to do.”

 New Civil Engineer 20th Aug 2024

https://www.newcivilengineer.com/latest/sizewell-c-final-investment-decision-unlikely-before-2024-year-end-20-08-2024/

August 23, 2024 - Posted by Christina Macpherson | business and costs, UK