Does EDF really need even more subsidies for Sizewell C nuclear project?

By doing so, our beloved leaders are ensuring
that Sizewell C will now have subsidised development, subsidised
construction, subsidised power production and subsidised waste management,
for a project still being run by Europe’s most subsidised company,
Electricité de France. Free markets? Don’t you believe it.
Does EDF really need even more subsidies for Sizewell C?even more subsidies for Sizewell C? Under new
legislation, our normally parsimonious government has just earmarked a
further £1.7 billion towards meeting their (uncosted) promise to ensure
that another new nuclear fission power plant may possibly begin being built
before the next election.
By doing so, our beloved leaders are ensuring
that Sizewell C will now have subsidised development, subsidised
construction, subsidised power production and subsidised waste management,
for a project still being run by Europe’s most subsidised company,
Electricité de France. Free markets? Don’t you believe it.
Electrical Review 6th April 2022 https://electricalreview.co.uk/2022/04/06/does-edf-really-need-even-more-subsidies-for-sizewell-c/
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Singapore’s nuclear power development is far away, relying on unproven reactor designs
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Singapore’s Nuclear Power Potential Depends on Unproven Designs. By Stephen Stapczynski, 4 April 2022 Singapore’s contemplation of a potential nuclear power plant will depend on next-generation technologies, a move that indicates the goal is still decades away from fruition.
The island state says so-called small modular reactors or other next-generation nuclear technology have the potential to be much safer than many of the plants in operation today, Minister of State for Trade and Industry Alvin Tan said in response to questions in parliament on Monday. The country concluded roughly a decade ago that conventional nuclear reactors aren’t suitable ………………. (subscribers only) https://www.bloomberg.com/news/articles/2022-04-04/singapore-s-nuclear-power-potential-depends-on-unproven-designs?srnd=markets-vp
UK government’s energy strategy relying on massive nuclear expansion will fail credibility test
The government is expected finally to publish its much-delayed energy
strategy review on Thursday. The review is urgently needed both to address
the soaring energy prices that are inflicting financial hardship on many
households but also to end Britain’s reliance on Russian oil and gas so
as to avoid funding Vladimir Putin’s war machine. The clear test of the
credibility of whatever the government announces must be whether and how
quickly it reduces Britain’s dependence on expensive hydrocarbons for the
bulk of its energy.
The chances of meeting that test look slim, given the
rifts within the government and Conservative Party that have so far held up
the review for more than a month. Bizarrely, Tory MPs have fought furiously
in favour of restarting fracking, which would do nothing to reduce
Britain’s reliance on hydrocarbons, while fiercely resisting any reversal
of the de-facto ban on new onshore wind farms, which would be by far the
quickest and cheapest way to bring new energy on stream.
Both would of course be difficult to deliver since they are beholden to local planning
decisions. But whereas polls indicate that the public is overwhelmingly
opposed to fracking, they reveal strong public support for onshore wind.
Indeed, a YouGov poll last year found that nearly 70 per cent of the public
would support onshore wind farms near where they live. Polls indicate that
support rises higher if it means cheaper energy for residents. A large
expansion of onshore wind ought to be a key feature of a credible strategy,
yet comments yesterday by Grant Shapps, the transport secretary, suggest
that opposition in cabinet rules this out.
On the other hand, an energy
strategy that rests upon a massively expanded role for nuclear risks
failing the credibility test. That’s not because there isn’t a role for
nuclear as a source of baseload electricity for when solar and wind
supplies are low. There is a strong case for expanding Britain’s nuclear
fleet of 11 reactors, all but one of which are due to be deactivated by
2030, with only one new one, Hinkley Point C, under construction.
The
problem is the same one that has dogged all recent efforts to expand the
nuclear fleet: vast costs of construction. The energy review needs to
contain realistic plans with deliverable timelines. Boris Johnson’s hopes
of delivering six or seven new nuclear power stations by 2050 look
implausible given that Britain has succeeded in starting construction of
one in the past 16 years and even that is nearly a decade behind schedule
and far over budget.

What’s more, under the government’s preferred funding model, construction costs would be passed on to consumers long before any electricity is delivered, further pushing up energy bills.
The review must therefore include plans to expand other sources of baseload,
including battery storage and carbon capture for gas-fired power stations.
Finally a credible strategy must include plans to reduce energy demand as
well as expand supply. The government needs to turbo-charge the drive to
improve home insulation, the switch to heat-pumps and the optimisation of
the energy network. A smart grid that allows differential pricing and
households to sell electricity from home solar panels and electric car
batteries could dramatically reduce energy supply requirements. Such plans
may lack the glamour of Mr Johnson’s fantasy of a floating wind farm in
the Irish Sea. But they would show that the government is serious.
Times 4th April 2022
https://www.thetimes.co.uk/article/the-times-view-on-britains-energy-strategy-power-play-p8g9hp0qp
France pays the steep cost of inflexible and ageing nuclear as electricity prices soar

French baseload and peak prices soar due to a combination of massive outages of French nuclear power plants, cold weather and inefficient heating
France pays the steep cost of inflexible and ageing nuclear as electricity prices soar — RenewEconomy 3 Apr 22,
The common refrain among critics of wind and solar is to blame their “variability” or “intermittency” for soaring electricity prices as Europe wrestles with gas shortages worsened by the war in Ukraine. But France, the nuclear “pin-up” country for the anti-renewables brigade, is not faring so well either.
Over the weekend, the key “day ahead” prices of electricity in France surged to unprecedented levels. On Friday, the futures price for “baseload” for wholesale French electricity price hit the eye-watering level of €714 a megawatt hour ($A1050/MWh).
It didn’t get much better by Sunday, when the day-ahead price for Monday settled at €515/MWh ($A758/MWh), which is the predicted average price over a 24-hour period. The price for peak electricity between 8am and 9am was €2,987/MWh ($A4,400/MWh).
The prices for both baseload and peak prices in the rest of the European market were significantly cheaper, and in Germany it was dramatically so.
The main reasons? Both supply and demand. Less than half (30GW) of France’s 64GW of nuclear capacity was available, thanks to planned and unplanned outages, and extended repairs due to corrosion issues in their ageing plants.
The forecast is for cold weather, and many French homes are fired with inefficient, energy hungry electric resistance heating, largely as a result that the French believed they had no reason to be energy efficient because of the their massive investment in nuclear.
“Massive outages of French nuclear power plants, in combination with cold weather and electric (often resistance) heating, are causing a critical situation for electricity supply there tomorrow,” energy analyst Kewes van der Leun tweeted over the weekend.
The French authority called on consumers to reduce their power consumption.
The situation in Europe is similar to the growing “north-side” divide in electricity prices in Australia, identified by the Australian Energy Market Operator, which has noted that since early 2021 average prices in the most heavily coal dependent states of Queensland and NSW are considering higher than elsewhere.
Partly that is due to a lack of transmission (France has similar problems), but also to the inflexibility of baseload, and the desperation of baseload owners to bid up prices when they can to recoup their costs.
Sure, states with high amounts of renewables do experience price spikes, but they tend to be short lived and the average price is significantly lower than so-called “cheap” coal.
The situation in France is not likely to get better any time soon. President Emmanuel Macron has pledge to invest significantly more in nuclear and his far-right opponent, Marine Le Pen (who is given an outside chance of unseating him) has pledge to stop all new wind and solar development.
But new nuclear won’t help. At the very best, a new reactor could be online by 2035, although France’s recent experience with massive cost over-runs and delays would put a major question mark over that being achieved.

French baseload and peak prices soar due to a combination of massive outages of French nuclear power plants, cold weather and inefficient heating
France pays the steep cost of inflexible and ageing nuclear as electricity prices soar — RenewEconomy
The common refrain among critics of wind and solar is to blame their “variability” or “intermittency” for soaring electricity prices as Europe wrestles with gas shortages worsened by the war in Ukraine. But France, the nuclear “pin-up” country for the anti-renewables brigade, is not faring so well either.
Over the weekend, the key “day ahead” prices of electricity in France surged to unprecedented levels. On Friday, the futures price for “baseload” for wholesale French electricity price hit the eye-watering level of €714 a megawatt hour ($A1050/MWh).
It didn’t get much better by Sunday, when the day-ahead price for Monday settled at €515/MWh ($A758/MWh), which is the predicted average price over a 24-hour period. The price for peak electricity between 8am and 9am was €2,987/MWh ($A4,400/MWh).
The prices for both baseload and peak prices in the rest of the European market were significantly cheaper, and in Germany it was dramatically so.
The main reasons? Both supply and demand. Less than half (30GW) of France’s 64GW of nuclear capacity was available, thanks to planned and unplanned outages, and extended repairs due to corrosion issues in their ageing plants.
The forecast is for cold weather, and many French homes are fired with inefficient, energy hungry electric resistance heating, largely as a result that the French believed they had no reason to be energy efficient because of the their massive investment in nuclear.
“Massive outages of French nuclear power plants, in combination with cold weather and electric (often resistance) heating, are causing a critical situation for electricity supply there tomorrow,” energy analyst Kewes van der Leun tweeted over the weekend.
The French authority called on consumers to reduce their power consumption.
The situation in Europe is similar to the growing “north-side” divide in electricity prices in Australia, identified by the Australian Energy Market Operator, which has noted that since early 2021 average prices in the most heavily coal dependent states of Queensland and NSW are considering higher than elsewhere.
Partly that is due to a lack of transmission (France has similar problems), but also to the inflexibility of baseload, and the desperation of baseload owners to bid up prices when they can to recoup their costs.
Sure, states with high amounts of renewables do experience price spikes, but they tend to be short lived and the average price is significantly lower than so-called “cheap” coal.
The situation in France is not likely to get better any time soon. President Emmanuel Macron has pledge to invest significantly more in nuclear and his far-right opponent, Marine Le Pen (who is given an outside chance of unseating him) has pledge to stop all new wind and solar development.
But new nuclear won’t help. At the very best, a new reactor could be online by 2035, although France’s recent experience with massive cost over-runs and delays would put a major question mark over that being achieved.
Why UK Labour’s green policies are fatally undermined by its ‘nuclear first’ stance

Dave Toke’s green energy blog, https://realfeed-intariffs.blogspot.com/2022/04/why-labours-green-policies-are-fatally.html
It is now clear from Labour’s stance in the House of Commons, that nuclear power comes before every thing else. Indeed, aside from Keir Starmer’s emphasis on ‘nuclear first’ attacks on the Government in the House of Commons, Labour’s allegedly massive green energy spending strategy seems likely to be swallowed up almost entirely by its pledge to rush to embrace the Sizewell C development.
The Treasury knows full well that to get Sizewell C going reasonably quickly the Government will have to commit to a potential bill of £30 billion or more in public spending. This must come, either or both, from hard-pressed energy consumers by adding to their bills, or directly from Treasury coffers. The Department of Business Energy and Industrial Strategy’s (BEIS) spending plans are closely controlled by the Treasury, and the commitment to Sizewell C will swamp the budget and reduce Labour’s ability to spend on things like insulation and heat pumps to a trickle.
Keir Starmer thinks he has seen a weak point in the Conservative’s energy strategy in that it is finding it difficult to turn the commitment to support Sizewell C into reality. But that’s because funding Sizewell out of a public commitment is likely to present the Government with a crippling financial burden. It is especially crippling because Starmer will refuse to acknowledge the fact that to get Sizewell C going will require the Government to fund a black hole of spending as cost overruns inevitably escalate on the project.
It’s a cynical ploy on Labour’s part. They know full well that the Government’s difficulties with launching Sizewell C are to do with the sheer financial unviability of new nuclear power, not from any lack of faith in nuclear power on the part of the Government. But apparently, Starmer does not care about this, and it also seems that he takes the green energy lobby for granted in that he expects that it will support him regardless.
But if other Labour commitments to support really big programmes in areas like heat pumps and insulation are to happen, there’s just not enough money going to be made available for them if BEIS’s budgets are swallowed up by the commitment to support Sizewell C.
So how should green energy supporters react to this? Well, there’s plenty of other parties to vote for. Indeed if this Government does actually go ahead and reverse the English planning ban on onshore wind, there’s probably not going to be much difference, in practice, between Labour and Conservatives on energy. Except of course that the Conservative will be more cautious, it seems, on accepting unmanageable commitments to new nuclear power!
UK Business Secretary Kwarteng boasts about new nuclear plants, but admits that local consent will be needed
Britain could build up to seven new nuclear power stations as part of a
radical expansion of homegrown energy following Vladimir Putin’s invasion
of Ukraine, the Business Secretary has said. In an interview with The
Telegraph,…………………
but, in the face of significant opposition from ministers and backbenchers, Mr Kwarteng acknowledged: “Anymovement has to have a large measure of local consent.” The Great British
Nuclear delivery body is likely to be a government-owned company
Telegraph 2nd April 2022
Progressive Lawmakers in US and Japan Demand No-First-Use Policy on Nukes
Progressive Lawmakers in US and Japan Demand No-First-Use Policy on Nukes Andrea Germanos, Common DreamsTRUTHOUT, April 3, 2022 ,
Dozens of progressive lawmakers in the United States and Japan are urging President Joe Biden to make a “sensible” shift and commit the U.S. to a policy of no-first-use of nuclear weapons “at any time or under any circumstances.”
The demand, which is also directed at Japanese Prime Minister Fumio Kishida, came in a letter dated Friday.
The effort was led by lawmakers including Congressional Progressive Caucus chair U.S. Rep. Pramila Jayapal (D-Wash.) and U.S. Sen. Bernie Sanders (I-Vt.) as well as Progressive Caucus of Japan chair and Diet House of Representatives member Masaharu Nakagawa.
………. Biden last month signed off on his administration’s Nuclear Posture Review, a policy which, to the disappointment of nonproliferation advocates, walks back his 2020 campaign promise of no-first-use. The NPR, according to U.S. officials, instead leaves open the possible use of nuclear weapons in response to non-nuclear warfare.
But, the lawmakers stressed in their letter, “it is never too late to commit to a no-first-use policy.”
Addressing the “nuclear umbrella” security alliance between the two nations, the letter states: “A no-first-use policy would not weaken the U.S. ability to protect Japan and itself from a nuclear attack. That protection is based on the promise of U.S. nuclear retaliation, not on the ability to strike first. In fact, a no-first-use policy would increase protection against a nuclear attack by reducing doubt, miscalculation, and the possibility of an accidental nuclear launch.”
Additionally, “a U.S. declaration stating that it would never start a nuclear war, supported by Japan, would breathe new life into international efforts to reduce and eventually eliminate the danger of nuclear war,” the lawmakers assert. “This is especially important at a time when tensions between the nuclear-weapons-possessing states, especially between the United States and China, are increasing.”………………. https://truthout.org/articles/progressive-lawmakers-in-us-and-japan-demand-no-first-use-policy-on-nukes/?eType=EmailBlastContent&eId=5334fde3-bc8a-46eb-8ce3-25388edd0656
UK’s energy security strategy delayed, as Cabinet split on nuclear power, and the Regulated Asset Base plan to pay for it.

| Disagreements between Boris Johnson and Rishi Sunak over the cost of investment in new nuclear power stations have forced the government to again delay its energy security strategy. The prime minister promised to publish the strategy this month after Russia invaded Ukraine. Its publication has been repeatedly put back amid cabinet disagreements over fracking, onshore wind and the extent of government support for energy efficiency projects. Senior sources told The Times that while most issues had been settled, disagreements between No 10 and the Treasury over the extent to which new nuclear power should feature in the plan caused the latest delay. Last week Johnson told nuclear industry bosses that the government wanted the UK to get 25 per cent of its electricity from nuclear power, requiring up to six new large-scale stations. Sunak is understood to be concerned at the cost of such a commitment, arguing it represents poor value and would lead to substantial long-term increases in energy bills. He is thought to be pushing Johnson to limit the government’s commitment to two plants on top of one being built at Hinkley Point. The Treasury’s argument has been boosted by the National Infrastructure Commission that has warned large-scale nuclear power plants are “incredibly difficult to deliver on short timescales”. It has pointed out that even if the government gave the go-ahead for more nuclear power stations and they took as long as the Hinkley Point C project is expected to take, they would not come online until the mid-2040s. They have urged ministers to look at “alternatives” that are more likely to be deliverable at scale in the next 15 years. Ministers are legislating for a new model to fund nuclear power plants to make them attractive to investors. But critics say the regulated asset system would place the burden for delays and cost overruns on consumers and increase energy bills. Supporters of new nuclear power, including Johnson and Kwasi Kwarteng, the business secretary, argue that investing now is a “no regret” policy as demand for electricity is forecast to double in the transition to net zero. It is understood the strategy is now due next week. If that slips, the Easter recess and rules on what the government can say before the May elections could push it beyond the Queen’s Speech. Times 29th March 2022 https://www.thetimes.co.uk/article/cabinet-split-on-nuclear-power-delays-uk-energy-strategy-nmfznj377 |
UK’s Treasury and Chancellor of the Exchequer srongly resisting Boris Johnson’s push for costly nuclear power.

Boris Johnson and Rishi Sunak’s nuclear fallout sparks fresh delays to
UK energy security strategy. The Prime Minister is pushing for six to seven
new large nuclear power stations, but the Chancellor is concerned about the
massive cost. The proposals are being strongly resisted by the Treasury,
with the Chancellor concerned that the vast investment in nuclear would not
provide the taxpayer with value for money.
It has meant that the energy
package has been kicked further down the road, despite Mr Johnson having
previously pledged to publish the proposals at the start of the month. The
plans are also expected to include ways to produce more energy from
renewables, and increase North Sea oil and gas production. The Prime
Minister’s spokesman denied that they were being delayed because of a
disagreement, instead stating that it was “important we get these things
right”.
iNews 28th March 2022
Spending £4bn on a new nuclear station at Sizewell will not solve the government’s energy problems
Spending £4bn on a new nuclear station at Sizewell will not solve the government’s energy problems
Instead of sensible short-term measures to help those facing energy poverty, the government is focusing on a technology with a track record of failure Prospect Magazine
ByNick Butler March 30, 2022In the face of surging energy prices and the prospect of more problems as Europe turns off Russian gas supplies, the UK government is struggling to find a coherent energy policy. The latest move, a £4bn investment in the proposed new nuclear station at Sizewell, is both a mistake and an irrelevance. Private investors who are being asked to stump up the majority of the £20bn total cost should politely decline the offer
……………………………………………………………..There are no instant solutions but on and offshore wind and solar power could be increased relatively quickly at a reasonable cost. The government could also accelerate its investment in developing the crucial technology for energy storage. This would capture more of the power produced by every wind turbine and limit the need for back-up plants (usually requiring more gas) to deal with the times when the wind is not blowing. On top of this, direct support for simple measures to enable people to use energy more efficiently would limit demand and cut bills.
Instead of such sensible short-term measures, ministers have chosen to focus on a technology which has a track record of failure and which, even if it could be made to work, will take at least a decade to provide any new electricity supplies………….
Of all the available options, however, the choice of EDF’s European Pressurised Reactor (EPR) technology is the worst from any perspective.
In 2009, EDF promised investors and the government at the time that the EPR to be built at Hinkley would produce power at a cost of less than £50 per MWhr. By Christmas 2017, we were told Hinkley would be onstream and providing the power to cook our Christmas turkeys. We were the turkeys for believing such claims.
Hinkley is still being built and 2027 now looks like the earliest date for production to begin. In France, the comparable EPR development at Flamanville—which was due onstream in 2013—is still unfinished, having experienced a series of crucial technical problems. In both cases the costs have overrun the original budgets by many billions.
Hinkley, if it ever comes onstream, will charge consumers £92.50 per MWhr index linked from 2013 when the deal was agreed. While the costs of renewables such as offshore wind have fallen dramatically over the last decade, the costs of nuclear power from Hinkley have continued to rise. After almost a decade of inflation, that price has already risen to around £110. Who knows what it will be in 2027?………….. https://www.prospectmagazine.co.uk/science-and-technology/spending-4bn-on-a-new-nuclear-station-at-sizewell-will-not-solve-the-governments-energy-problems
Boris Johnson beholden to the nuclear industry. That’s going to cost UK bigtime – Chancellor Sunak not happy.

Boris Johnson’s flagship energy strategy has been held up over a row
with Rishi Sunak about funding a new generation of up to eight nuclear
power stations costing the public more than £13bn.
The strategy, which has
been delayed for a month, was due to be published this week but has now
been pencilled for 5 April after disagreement about the multibillion-pound
cost of new nuclear plants and amid ongoing tensions between the prime
minister and his chancellor, as well as the wider cabinet.
Johnson has told the nuclear industry that he wants 25% of electricity generation to come
from nuclear power by 2050, up from 16% now. Whitehall sources told the
Guardian this shift could require the building of about eight new nuclear
power stations. Draft targets suggest ministers are looking at 30GW of
nuclear power capacity, meaning a huge building programme would be needed,
as capacity is due to fall to 3.6GW as plants are decommissioned.
Of the eight UK plants currently in operation, all but one are due to be switched
off by 2030. Each new plant would require the government to take a minority
stake in the project to reduce the risk to developers, and substantial cash
outlay to encourage investment.
Despite Johnson’s keenness for new
nuclear power, Sunak is concerned about the cost to the taxpayer, or extra
costs added to soaring energy bills. The Treasury has already promised
£1.7bn of direct cash for a single large-scale nuclear project – the
£20bn Sizewell C – as well as £120m for a new Future Nuclear Enabling
Fund, which aims to address barriers to entering the sector.
Building eight plants could cost more than £13bn in initial investment costs from the
government if the same amount of investment were to be put in, according to
a Whitehall source. However, the government is also pushing for the nuclear
industry to reduce its build costs.
Guardian 28th March 2022
Stop Sizewell C campaigners query the government’s planning judgment , especially on costs

Stop Sizewell C campaigners yesterday questioned how the Government can
make an impartial planning judgement on the project if it is intending to
invest in it. The Planning Inspectorate’s report containing its
recommendation on the proposals is expected to be made public in late May.
Previous estimates have put the cost of Sizewell C at about £20bn – less
than the plant being built at Hinkley Point in Somerset – though the figure
could rise with global inflationary pressures.
East Anglian Daily Times 27th March 2022
https://www.eadt.co.uk/news/business/sizewell-c-government-to-take-stake-8785356
Biden administration shuts down Trump-era nuclear cruise missile program
Biden administration kills Trump-era nuclear cruise missile program
After conducting the upcoming Nuclear Posture Review, the Biden administration has chosen to end the sea-launched cruise missile program, a senior Pentagon official said. Breaking Defense
By VALERIE INSINNAon March 28, 2022 WASHINGTON: In a rare political win for non-proliferation advocates, the Biden administration has cancelled the Sea-Launched Cruise Missile-Nuclear program, one of the two new nuclear weapons greenlit by the Trump administration.
The Pentagon’s fiscal year 2023 budget request, released today, zeroes out funding planned for the so-called SLCM-N program, according to a senior defense official who spoke to reporters about the spending proposal.
“Really this decision came out of the Nuclear Posture Review,” the official said. “There was direction from the president to reduce the role of nuclear weapons in our defense strategy. That [decision to cancel SLCM-N] was a component.”
The determination is the latest in a back-and-forth spanning multiple administrations about the utility of a nuclear-armed cruise missile that could be launched from destroyers or Virginia-class attack submarines that typically use conventional weapons.
The Obama administration’s 2010 Nuclear Posture Review called on the Navy to sunset the nuclear-version of its Tomahawk cruise missile, which was retired by 2013, according to the Federation of American Scientists.………………………..
Despite the cancellation of SLCM-N, funding for other nuclear programs flourished in the FY23 request.
| When asked about the fate of the W76-2, the senior defense official responded that there is “no change there,” hinting that the upcoming Nuclear Posture Review — due to be released in the coming weeks — will continue to support the low-yield warhead.According to a department fact sheet on the budget, the Pentagon requested a total of $34.4 billion across the nuclear enterprise for FY23, including $4.8 billion for nuclear command, control and communications.The Navy requested $6.3 billion for the Columbia-class submarine, its leg of the nuclear triad. Meanwhile, the Air Force is also modernizing its two components of the triad, asking $5 billion for the B-21 bomber program and $3.6 billion for the Ground Based Strategic Deterrent program that will replace Minuteman III intercontinental missiles https://breakingdefense.com/2022/03/biden-administration-kills-trump-era-nuclear-cruise-missile-program |
Nearly half of Americans concerned about nuclear war amid Russia-Ukraine invasion
Nearly half of Americans concerned about nuclear war amid Russia-Ukraine invasion
by: The Associated Press via Nexstar Media Wire
Mar 28, 2022 WASHINGTON (AP) — Russia’s war on Ukraine has most Americans at least somewhat worried that the U.S. will be drawn directly into the conflict and could be targeted with nuclear weapons, with a new poll reflecting a level of anxiety that has echoes of the Cold War era.
Close to half of Americans say they are very concerned that Russia would directly target the U.S. with nuclear weapons, and an additional three in 10 are somewhat concerned about that, according to the new poll from The Associated Press-NORC Center for Public Affairs Research. Russian President Vladimir Putin placed his country’s nuclear forces on high alert shortly after the Feb. 24 invasion.
Roughly nine in 10 Americans are at least somewhat concerned that Putin might use a nuclear weapon against Ukraine, including about six in 10 who are very concerned……… https://www.wfxrtv.com/news/russia-ukraine-conflict/nearly-half-of-americans-concerned-about-nuclear-war-amid-russia-ukraine-invasion/
Hinkley Point C nuclear project faces mor.e delays, increased costs
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| Hinkley Point C faces more delays amid Ukraine crisis. Developer EDF warns war may trigger even higher costs for Britain’s flagship nuclear power station. The UK’s £23bn new flagship nuclear power plant is at risk of becoming more expensive and being plagued by delays as its developer EDF blamed challenges including the conflict in Ukraine. EDF is carrying out a “new comprehensive review” of the costs and timeframes of Hinkley Point C, which it is building in Somerset with updates expected in the summer. The majority French state-owned company had already raised cost estimates in 2017, 2019 and again in 2021 amid the pandemic, with the project currently set to cost between £22bn and £23bn and start generating power in mid-2026. It was originally forecast to cost £18bn. The developers have to foot the bill for cost overruns at the project, but it comes as EDF is in talks with the UK Government about building a second new power plant, Sizewell C in Suffolk, which could see households take on more risk for overruns. The Prime Minister is believed to want nuclear power to supply about a quarter of Britain’s electricity by 2050. That could imply about six large stations similar to Hinkley will be needed by 2050. In a sign of its commitment to the technology, the Government is planning to take a 20pc equity stake in the Sizewell C project. In documents filed with French financial authorities, EDF said of Hinkley Point C: “Due to the difficulties encountered by the project, notably on civil performance and marine works, and the increase in risks such as the Ukrainian conflict, Brexit, Covid, supply chain disruption and inflation, a new comprehensive review to update the costs and schedule estimates announced in January 2021 is underway and is expected to be finalised by summer 2022.” Telegraph 27th March 2022https://www.telegraph.co.uk/business/2022/03/27/hinkley-point-c-faces-fresh-cost-overrun-ukraine-crisis/ |
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