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EDF a total basket case, weighed down by its 50 Billion pound nuclear turkey at Hinkley point

Jonathon Porritt,   https://www.jonathonporritt.com/edf-a-total-basket-case-weighed-down-by-its-50-billion-nuclear-turkey-at-hinkley-point/ 25 Jan 24

EdF’s bosses must be thanking their lucky stars that President Macron decided to take complete control of EdF back in 2022. Otherwise, its latest announcements about further delays and cost increases for its new reactors at Hinkley Point would have sent any remaining investors running for the hills.

The scale of those announcements is staggering:

  • The price tag for Hinkley Point C has now been reset at £31-34 billion (in 2015 prices), twice the original £18 billion.
  • In today’s money, that’s around £46 billion – with further delays and cost hikes (rising to at least £50 billion) all but inevitable.
  • EdF’s shortfall in completing Hinkley Point has risen substantially, and could now be as high as £25 billion on its balance sheet.
  • EdF has admitted that 2029 is now the earliest Hinkley Point will come online. Fat chance of that.

Which makes Hinkley Point C even more of a bust than EdF’s current worst reactor construction nightmare at Flamanville in France. And significantly worse than its plant at Olkiluoto in Finland, which it just managed to get over the line last year.

So, watch out for the fallout.

Hinkley Point C was meant to be coming online in 2027. All neutral commentators now reckon 2031 (EdF’s so-called ”unfavourable scenario”) is the earliest that will happen. That’s a further four-year delay before its low-carbon electrons (providing 7% of the UK’s electricity) will be available to help the UK meet its various decarbonisation targets.

Add to that the knock-on impact of this on the Government’s/Labour’s hopes for a Hinkley Point look-alike (really!) at Sizewell C. The sales pitch to investors for that has now become even trickier than it was before: “Just look at this beautiful £50 billion turkey: another one just like it could be all yours at a bargain-basement price of, say, £40 billion”.

Which leads to the following conclusions:


  1. EdF is even more screwed than it was before, deeper in debt, with further delays for rolling out its look-alike plant at Sizewell C now inevitable.
  2. The Tory Government is screwed, with no chance of Hinkley Point C (let alone Sizewell C) making any serious short-term contribution to its decarbonisation strategy.
  3. Labour is screwed – for exactly the same reasons.
  4. The UK’s Net Zero strategy by 2050 looks less and less viable. And that will soon be tested, again, in the courts.
  5. All this because of the nuclear obsessions of the UK’s entire political establishment – Labour just as much as the Tories.

Happily, there’s no need to panic: the case for the “renewables + efficiency + storage + smart grids” option just got a whole lot stronger, both economically and politically. We just need the donkeys in Whitehall to give up on their nuclear turkeys. Finally!

January 27, 2024 Posted by | business and costs, France | Leave a comment

It May be Genocide, But it Won’t Be Stopped

The ruling by the International Court of Justice was a legal victory for South Africa and the Palestinians, but it will not halt the slaughter.

SCHEERPOST, By Chris Hedges 26 Jan 24

The International Court of Justice (ICJ) refused to implement the most crucial demand made by South African jurists: “the State of Israel shall immediately suspend its military operations in and against Gaza.” But at the same time, it delivered a devastating blow to the foundational myth of Israel. Israel, which paints itself as eternally persecuted, has been credibly accused of committing genocide against Palestinians in Gaza. Palestinians are the victims, not the perpetrators, of the “crime of crimes.” A people, once in need of protection from genocide, are now potentially committing it. The court’s ruling questions the very raison d’être of the “Jewish State” and challenges the impunity Israel has enjoyed since its founding 75 years ago.  

The ICJ ordered Israel to take six provisional measures to prevent acts of genocide, measures that will be very difficult if not impossible to fulfill if Israel continues its saturation bombing of Gaza and wholesale targeting of vital infrastructure. 

The court called on Israel “to prevent and punish the direct and public incitement to commit genocide.” It demanded Israel “take immediate and effective measures to enable the provision of urgently needed basic services and humanitarian assistance.” It ordered Israel to protect Palestinian civilians. It called on Israel to protect the some 50,000 women giving birth in Gaza. It ordered Israel to take “effective measures to prevent the destruction and ensure the preservation of evidence related to allegations of acts within the scope of Article II and Article III of the Convention on the Prevention and Punishment of the Crime of Genocide against members of the Palestinian group in the Gaza Strip.” 

The court ordered Israel to “take all measures within its power” to prevent the crimes which amount to genocide such as “killing, causing serious bodily and mental harm, inflicting on the group conditions of life calculated to bring about its physical destruction in whole or in part, and imposing measures intended to prevent births within the group.”

Israel was ordered to report back in one month to explain what it had done to implement the provisional measures.

Gaza was pounded with bombs, missiles and artillery shells as the ruling was read in The Hague — at least 183 Palestinians have been killed in the last 24 hours. Since Oct. 7, more than 26,000 Palestinians have been killed. Almost 65,000 have been wounded, according to the Palestinian Ministry of Health. Thousands more are missing. The carnage continues. This is the cold reality. 

Translated into the vernacular, the court is saying Israel must feed and provide medical care for the victims, cease public statements advocating genocide, preserve evidence of genocide and stop killing Palestinian civilians. Come back and report in a month. 

It is hard to see how these provisional measures can be achieved if the carnage in Gaza continues.

“Without a ceasefire, the order doesn’t actually work,” Naledi Pandor, South Africa’s minister of international relations, stated bluntly after the ruling. 

Time is not on the side of the Palestinians. Thousands of Palestinians will die within a month. Palestinians in Gaza make up 80 percent of all the people facing famine or catastrophic hunger worldwide, according to the United Nations. The entire population of Gaza by early February is projected to lack sufficient food, with half a million people suffering from starvation, according to the Integrated Food Security Phase Classification, drawing on data from U.N. agencies and NGOs. The famine is engineered by Israel. 

At best, the court — while it will not rule for a few years on whether Israel is

committing genocide — has given legal license to use the word “genocide” to describe what Israel is doing in Gaza. This is very significant, but it is not enough, given the humanitarian catastrophe in Gaza. 

Israel has dropped almost 30,000 bombs and shells on Gaza — eight times more bombs than the U.S. dropped on Iraq during six years of war. It has used hundreds of 2,000-pound bombs to obliterate densely populated areas, including refugee camps. These “bunker buster” bombs have a kill radius of a thousand feet. The Israeli aerial assault is unlike anything seen since Vietnam. Gaza, only 20 miles long and five miles wide, is rapidly becoming, by design, uninhabitable.

Israel will no doubt continue its assault arguing that it is not in violation of the court’s directives. In addition, the Biden administration will undoubtedly veto the resolution at the Security Council demanding Israel implement the provisional measures. The General Assembly, if the Security Council does not endorse the measures, can vote again calling for a ceasefire, but has no power to enforce it. 

Defense for Children International – Palestine v. Biden was filed in November by the Center for Constitutional Rights against President Joe Biden, Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin. The case challenges the U.S. government’s failure to prevent complicity in Israel’s unfolding genocide of the Palestinian people. It asks the court to order the Biden administration to cease diplomatic and military support and comply with its legal obligations under international and federal law. 

The only active resistance to halt the Gaza genocide is provided by Yemen’s Red Sea blockade. ………………………………………………………………….

The ICJ was founded in 1945 following the Nazi Holocaust. The first case it heard was submitted to the court in 1947.

“Decisions that endanger the continued existence of the State of Israel must not be listened to,” Ben-Gvir added. “We must continue defeating the enemy until complete victory.”……………………………………………………

It is clear from the ruling that the court is fully aware of the magnitude of Israel’s crimes. This makes the decision not to call for the immediate suspension of Israeli military activity in and against Gaza all the more distressing.  

But the court did deliver a devastating blow to the mystique Israel has used since its founding to carry out its settler colonial project against the indigenous inhabitants of historic Palestine. It made the word genocide, when applied to Israel, credible.  https://scheerpost.com/2024/01/26/chris-hedges-it-may-be-genocide-but-it-wont-be-stopped/

January 27, 2024 Posted by | Israel, weapons and war | Leave a comment

Tripling nuclear power: public relations fairy dust

January 2024,  https://preview.mailerlite.io/emails/webview/664455/111177290781558405

The federal government recently endorsed two similar nuclear fantasies.

This month, Natural Resources Canada published a statement endorsing a plan to work with other countries to “advance a global aspirational goal of tripling nuclear energy capacity from 2020 by 2050.” 
The global nuclear declaration attracted endorsements from only 22 countries. In contrast, the official COP28 pledge to triple renewable energy by 2030 was signed by 123 countries and adopted by consensus as the official COP declaration.Earlier, in 2023, the Canadian energy regulator projected a tripling of Canadian nuclear generation capacity by 2050.

Why is Canada engaged in a nuclear fantasy?

Nuclear power plants operate in only two provinces. About 60% of Ontario’s electricity is produced by 18 nuclear power reactors. New Brunswick’s one power reactor produces about 19% of the electricity used in that province, when it’s not shut down. The federal energy regulator models envision tripling nuclear capacity by building small modular nuclear reactors in Prince Edward Island, New Brunswick, Quebec, Ontario, Manitoba, Saskatchewan, Alberta and British Columbia.

Ontario Power Generation (OPG) is promising that its SMR design will be the first in the world to be deployed commercially starting in 2030, although the design has not yet been licenced to build in Canada or anywhere else.

Assuming that this unit is chosen for widespread deployment in Canada, nearly 90 would need to be built and operating effectively on the grid between 2030 and 2050 to achieve the proposed tripling. Given the known construction time overruns for nuclear power plants, this is impossible.

Environment and Climate Change Canada published the official COP28 statement that does not mention nuclear energy. Instead, it highlights “groundbreaking goals to triple renewable energy, double energy efficiency, and, for the first time ever… a historic consensus to move away from fossil fuels in energy systems.”

Tripling renewable energy and doubling energy efficiency by 2030 is sensible and doable, as long as the requisite political will is present. It is past time to get real about the energy generation technologies we need to be supporting.

January 27, 2024 Posted by | Canada, spinbuster | Leave a comment

The Post Office Scandal, Nuclear Waste and The Bransty Tunnel – Off Limits for Nuclear Luvvies at Britain Remade?

 https://www.lakesagainstnucleardump.com/post/the-post-office-scandal-nuclear-waste-and-the-bransty-tunnel-off-limits-for-nuclear-luvvies-at-br?fbclid=IwAR1KpP9iidhPdh6hyL3dhFAkUvOaXSla84RLykZttBRu4lOlokQIVRUjOvc 24 Jan 24

Trudy Harrison MP and wannabe MP Josh MacAlister have joined forces under the banner of “Britain Remade”. Their dream of building a nuclear prefab “faster” and “cheaper” next to the worlds biggest stockpile of plutonium is within our grasp they breathlessly tell us. “There could be new nuclear power in Cumbria, delivering jobs for the region, and clean energy for the whole country”.

Hot and dangerous Nuclear wastes from their “clean energy” trundles through the Bransty Rail Tunnel under the town of Whitehaven EVERY week enroute to the Sellafield site already bursting at the seams with radioactive crapola. The Bransty Rail Tunnel has served Network Rail and the nuclear industry well. It is a fine piece of old Victorian engineering which extends for a full 1km directly under homes and businesses in Whitehaven. Only recently it has become unstable. Network Rail are rather worried about the impacts of reactivated old mine water water bubbling up into the tunnel and even putting pressure on the sides of the tunnel (as we can see from Network Rail’s own video taken recently).

Rather than gushing about building untried untested nuclear prefabs (euphemistically called “Small Modular Reactors” actually pretty large at half the size of Calder Hall reactors), the MP and wannabe MP should be putting EVERY EFFORT into protecting the safety of the folk of Whitehaven by CLOSING THIS TUNNEL certainly to Nuclear Waste Transports and possibly to passenger and other freight trains. Ceasing nuclear waste production in Scotland and the North wouldn’t make a huge difference to electricity as nuclear’s contribution to the UKs electrcity capacity has been minimal according to National Grid with wind producing many times more capacity in the recent cold weather.

The most urgent question for Whitehaven is:

Why is heavily polluted mine water is still gushing into the nuclear waste route of the Bransty Tunnel over one year on and into Queens Dock, Whitehaven and what are Trudy Harrison MP and Josh MacAlister wannabe MP doing to address this?

Another equally urgent and topical question given the Post Office scandal is:

Are the MP and prospective MP happy that all nuclear waste consignments including those travelling a few times a week through the Bransty Tunnel are monitored and tracked by the same company, Fujitsu, responsible for the Post Office scandal. Fujitsu’s “Accountancy and Tracking Of Material” ATOM was contracted by the United Kingdom Atomic Energy Authority in 2001. “Fujitsu chose a combination of Microsoft and Oracle systems with web portal technology to make this possible, i.e. to successfully design and implement a package to process, update and report on nuclear and radioactive materials throughout the supply chain.” As Dik Third of UKAEA says, “We believe that there is no other system in the world capable of dealing with such complexity and breadth of plant operations and regulatory accounting requirements.” Does Whitehaven feel lucky? Britain is being Remade into what? A Nuclear Sacrifice Zone?

January 27, 2024 Posted by | safety, UK | Leave a comment

US plans to store nuclear weapons in UK: report

Examiner  January 27 2024 –

The US is planning to station nuclear weapons in the UK for the first time in 15 years amid a growing threat from Russia, according to a report.

Warheads three times as strong as the Hiroshima bomb would be located at RAF Lakenheath in Suffolk under the proposals, The Telegraph reported.

The US previously placed nuclear missiles at RAF Lakenheath, removing them in 2008 when the Cold War threat from Moscow had receded.

Pentagon documents seen by the UK newspaper reveal procurement contracts for a new facility at the airbase.

A Ministry of Defence spokesperson said: “It remains a longstanding UK and NATO policy to neither confirm nor deny the presence of nuclear weapons at a given location.”

………………………….. Downing Street defended the government’s spending on defence, saying Britain has been Washington’s “partner of choice” in its strikes against Houthi rebels in the Red Sea because of its “military strength”.  https://www.examiner.com.au/story/8500518/us-plans-to-store-nuclear-weapons-in-uk-report/—

January 27, 2024 Posted by | UK, weapons and war | Leave a comment

Israel Accuses The International Court of Justice Of (You Guessed It) Antisemitism

CAITLIN JOHNSTONE, JAN 27, 2024,  https://www.caitlinjohnst.one/p/israel-accuses-the-icj-of-you-guessed?utm_source=post-email-title&publication_id=82124&post_id=141088641&utm_campaign=email-post-title&isFreemail=true&r=1ise1&utm_medium=email—

The International Court of Justice rejected Israel’s request to dismiss the genocide case brought against it by South Africa on Friday, ruling by a massive majority that the case shall proceed and instructing Israel to refrain from killing and harming Palestinians in the interim. 

Many Palestine supporters have expressed dismay that the ICJ did not explicitly order a ceasefire, while many others (including South African officials) argue that the ruling is very positive and tantamount to a ceasefire order because it demands the end of harm to members of the protected group.

Imperial media are aggressively emphasising the absence of a ceasefire order in their headlines and many Israel apologists are framing that absence as a victory for their favorite ethnostate, but such performative chest-thumping is severely undercut by the way high-level Israeli officials are currently accusing the ICJ of antisemitism and saying Israel should ignore its rulings.

“The international court of justice went above and beyond when it granted South Africa’s antisemitic request to discuss the claim of genocide in Gaza, and now refuses to reject the petition outright,” complained Israeli defense minister Yoav Gallant in response to the ruling. 

“The decision of the antisemitic court in The Hague proves what was already known: This court does not seek justice, but rather the persecution of Jewish people,” said Israeli national security minister Itamar Ben Gvir.

Ben Gvir also tweeted “Hague Schmague” immediately after the ruling was issued, which will probably go down in history as the most Israeli tweet of all time.

Everyone’s arguing about whether or not the ICJ’s ruling is helpful, and I don’t know enough one way or the other to be sure either way, but from where things stand right now it does seem unlikely to me that managers of the Israeli war machine would be getting this freaked out and whipping out their tired old “antisemitism” song and dance if there wasn’t something of substance to it.

International lawyer Francis Boyle, who won provisional measures against Yugoslavia at the ICJ in 1993, said the following of the ruling:

“This is a massive, overwhelming legal victory for the Republic of South Africa against Israel on behalf of the Palestinians. The U.N. General Assembly now can suspend Israel from participation in its activities as it did for South Africa and Yugoslavia. It can admit Palestine as a full member. And — especially since the International Criminal Court has been a farce — it can establish a tribunal to prosecute the highest level officials of the Israeli government, both civilian and military.”

So take that for whatever that’s worth to you. In any case the butchery in Gaza still urgently needs to be ended, and only time will tell whether Friday’s development had any major effect on the outcome of this horror. 

But man what I wouldn’t have given to be a fly on the wall at the meetings they were having at the US State Department on Friday. It’s days like this that remind you why empire managers switched from talking about “international law” to using the meaningless phrase “rules-based international order”.

January 27, 2024 Posted by | Israel, Legal | Leave a comment

UN Nuclear Chief Says ‘Very Real’ Threat Remains at Moscow-Held Zaporizhzhia Plant

Moscow Times 26 Jan 24

The possibility of a nuclear disaster at the Russian-held Zaporizhzhia nuclear plant in Ukraine remains “very real,” according to the head of the UN’s nuclear watchdog. …….

Regular shelling and drone attacks around the plant have raised the risks of a radioactive disaster, while Kyiv and Moscow have accused each other of planning provocations.

Experts from the International Atomic Energy Agency (IAEA) have been on the ground monitoring the Zaporizhzhia plant since September 2022.

“The plant’s six reactors have been shut down since mid-2022 — five of them in cold shutdown and one in hot shutdown. But the potential dangers of a major nuclear accident remain very real,” IAEA chief Rafael Grossi told the UN Security Council on Thursday.

Grossi warned that issues with access to power could lead to a disaster at the Moscow-controlled nuclear plant.

Emergency diesel generators are now “the last line of defense against a nuclear accident” after they were activated eight times when the plant lost all off-site power, he added.

“The plant is currently relying on just two lines of external power, and sometimes just one, or for a period the backup power was not properly configured. This demonstrates the highly precarious situation regarding essential off-site power.”………. https://www.themoscowtimes.com/2024/01/26/un-nuclear-chief-says-very-real-threat-remains-at-moscow-held-zaporizhzhia-plant-a83860

January 27, 2024 Posted by | safety, Ukraine | Leave a comment

Finland is a focal point of Nato’s largest exercise since the Cold War, and looks to siting nuclear weapons.

YLE NEWS 26 Jan 24

Nato’s largest military exercise since the Cold War is starting in Finland this week, reports Ilta-Sanomat.

The exercise, dubbed “Steadfast Defender”, is bringing Nato soldiers to Finland. The drill, which includes a total of 90,000 troops from 31 Nato countries, will span this winter and spring and involves thousands of troops moving massive amounts of material through Sweden.

Troops are practicing defending a European Nato ally that has come under attack. Swedish broadcaster SVT has reported that the exercise features a scenario where Russia attacks Finland and Nato invokes Article 5, its collective defence clause.

Nuclear reality

An editorial in Helsingin Sanomat suggests that Finnish leaders have not come to terms with the fact that nuclear weapons are a core part of Nato’s deterrence policy. The paper notes that some presidential candidates don’t support siting nuclear weapons in Finland. At the same time, Finland is reworking its nuclear safety laws. According to HS, these reforms must not impede Nato’s operational activities in a wartime situation in Finland.

The nuclear deterrent is a central component of Nato’s security guarantees, under which Finland sought protection by pursuing membership in the alliance. For that reason, Finland must bear its own responsibility in preserving that deterrent, according to the national daily……………. more https://yle.fi/a/74-20070550

January 27, 2024 Posted by | Finland, weapons and war | Leave a comment

Japan’s Fukushima nuclear plant: further delays for removal of melted fuel debris

About 880 tons of highly radioactive melted nuclear fuel remain inside the three damaged reactors. Critics say the 30- to 40-year cleanup target set by the government and TEPCO for Fukushima Daiichi is overly optimistic. The damage in each reactor is different and plans need to be formed to accommodate their conditions.

NewsDay, By The Associated Press, January 25, 2024

TOKYO — The operator of the tsunami-hit nuclear plant in Fukushima announced Thursday a delay of several more months before launching a test to remove melted fuel debris from inside one of the reactors, citing problems clearing the way for a robotic arm.

The debris cleanup initially was supposed to be started by 2021, but it has been plagued with delays, underscoring the difficulty of recovering from the plant’s meltdown after a magnitude 9.0 quake and tsunami in March 2011.

The disasters destroyed the Fukushima Daiichi nuclear plant’s power supply and cooling systems, causing three reactors to melt down, and massive amounts of fatally radioactive melted nuclear fuel remain inside to this day.

The government and the Tokyo Electric Power Company Holdings, or TEPCO, initially committed to start removing the melted fuel from inside one of the three damaged reactors within 10 years of the disaster.

In 2019, the government and TEPCO decided to start removing melted fuel debris by the end of 2021 from the No. 2 reactor after a remote-controlled robot successfully clipped and lifted a granule of melted fuel during an internal probe.

But the coronavirus pandemic delayed development of the robotic arm, and the plan was pushed to 2022. Then, glitches with the arm repeatedly have delayed the project since then.

On Thursday, TEPCO officials pushed back the planned start from March to October of this year.

TEPCO officials said that the inside of a planned entryway for the robotic arm is filled with deposits believed to be melted equipment, cables and other debris from the meltdown, and their harder-than-expected removal has delayed the plan.

TEPCO now is considering using a slimmer, telescope-shaped kind of robot to start the debris removal.

About 880 tons of highly radioactive melted nuclear fuel remain inside the three damaged reactors. Critics say the 30- to 40-year cleanup target set by the government and TEPCO for Fukushima Daiichi is overly optimistic. The damage in each reactor is different and plans need to be formed to accommodate their conditions.

TEPCO has previously tried sending robots inside each of the three reactors but got hindered by debris, high radiation and inability to navigate them through the rubble, though they were able to gather some data in recent years.

Getting more details about the melted fuel debris from inside the reactors is crucial for their decommissioning. TEPCO plans to deploy four mini drones and a snake-shaped remote-controlled robot into the No. 1 reactor’s primary containment vessel in February to capture images from the areas where robots have not reached previously……… more https://www.newsday.com/news/nation/Japan-Fukushima-nuclear-plant-melted-fuel-decommissioning-v83291

January 27, 2024 Posted by | Fukushima continuing, wastes | Leave a comment

  Ukraine to start building 4 new nuclear reactors this year

By Pavel Polityuk. January 25, 2024

KYIV, Jan 25 (Reuters) – Ukraine expects to start construction work on four new nuclear power reactors this summer or autumn, Energy Minister German Galushchenko told Reuters on Thursday, as the country seeks to compensate for lost energy capacity due to the war with Russia.

Two of the units – which include reactors and related equipment – will be based on Russian-made equipment that Ukraine wants to import from Bulgaria, while the other two will use Western technology from power equipment maker Westinghouse.

All four reactors will be built at the Khmelnytskyi nuclear power plant in the west of Ukraine, Galushchenko added.

The timeline is more aggressive than previously outlined by Kyiv, which has spoken of starting work in some time in 2024 and without specifying that all four reactors could be developed simultaneously.

“I think (we’ll start construction) in summer-autumn,” Galushchenko said in an interview. “We need vessels,” he added, referring to the reactor pressure vessels that will have to be imported. We want to do the third and fourth units right away.”

Construction of the 3rd and 4th reactors at Khmelnytskyi began in the 1980s but was frozen.

Since gaining independence from the Soviet Union in 1991, Ukraine has built three new nuclear reactors – one each at Zaporizhzhia, Khmelnytskyi and Rivne nuclear power plants…………………

In parallel with the construction of the Soviet-era VVER-1000 units, Ukraine wants to start preparatory construction work to accommodate two modern Western AP-1000 units, also at Khmelnytskyi.

“We need to pass (parliamentary) legislation and we have draft laws on the 3rd, 4th, 5th and 6th units. This is VVER-1000s, while the 5th and 6th we want to build the AP-type. This is a parallel process,” he said.

In December, Ukraine’s nuclear power firm Energoatom and Westinghouse signed an agreement on the purchase of equipment for Khmelnytskyi’s 5th power unit.

Reporting by Pavel Polityuk; Editing by Mike Collett-White and Nick Macfie  https://www.reuters.com/business/energy/ukraine-start-building-4-new-nuclear-reactors-this-year-minister-2024-01-25/

January 27, 2024 Posted by | politics, Ukraine | Leave a comment

Hinkley Point C could be delayed to 2031 and cost up to £35bn, says EDF

As nuclear plant is hit by further delay, real cost will be far higher after inflation is included, as project uses 2015 prices

Guardian,  Alex Lawson, Wed 24 Jan 2024 

The owner of Hinkley Point C has blamed inflation, Covid and Brexit as it announced the nuclear power plant project could be delayed by a further four years, and cost £2.3bn more.

The plant in Somerset, which has been under construction since 2016, is now expected to be finished by 2031 and cost up to £35bn, France’s EDF said. However, the cost will be far higher once inflation is taken into account, because EDF is using 2015 prices.

The latest in a series of setbacks represents a huge delay to the project’s initial timescale. In 2007, the then EDF chief executive Vincent de Rivaz said that by Christmas in 2017, turkeys would be cooked using electricity generated from atomic power at Hinkley. When the project was finally given the green light in 2016, its cost was estimated at £18bn…………

Crooks said: “Running the project longer will cost more money and our budget has also been affected by rising civil construction costs. It is important to say that British consumers or taxpayers won’t pay a penny, with the increased costs met entirely by shareholders.”

EDF had previously said that the first reactor unit at the nuclear site would be due to be complete by June 2027, with a 15-month buffer period which was likely to be used – putting its completion at September 2028, and a further year for the second unit. It costs were estimated between £25bn and £26bn, and this was later revised up to £32.7bn in February 2023

EDF gave three scenarios, ranging from becoming operational is 2029, to delays pushing this back to 2031.

It said that the cost of completing Hinkley will be between £31bn and £34bn, although if completion is delayed to 2031 costs would rise to £35bn.

In December it emerged EDF’s partner in the project, China General Nuclear, had halted funding for Hinkley. The move came after the government took over CGN’s stake in Hinkley’s proposed sister site, Sizewell C in Suffolk, stripping the Chinese state-owned company of its role in the project.

The latest financial estimates are based on accounting in 2015 figures, meaning the total cost of the project could be far higher when inflation over the last decade is factored in. Hinkley’s ballooning costs have proved controversial with French taxpayers, which are picking up the tab.

Hinkley Point C and Sizewell C are expected to herald a new era of nuclear plants touted by the government.

Last year the government launched a delivery body, Great British Nuclear, with the aim of accelerating the development of new nuclear projects. Earlier this month ministers set out plans for out for the “biggest nuclear power expansion in 70 years”.

However, the Hinkley Point C delay will add to concerns over project delays and costs, as well as skills in an industry earmarked to deliver a quarter of the national electricity demand by 2050………………..

EDF said in January it would delay the shutdown of four of its UK nuclear reactors for at least two years and increase investment in its British nuclear fleet.  https://www.theguardian.com/business/2024/jan/23/hinkley-point-c-could-be-delayed-to-2031-and-cost-up-to-35bn-says-edf—

January 26, 2024 Posted by | business and costs, politics, UK | Leave a comment

EDF’s UK Hinkley Nuclear Costs Balloon as Plant Delayed Again – an “unmitigated disaster”?

A government spokesperson said the new plant is “not a government project” and as such “any additional costs or schedule overruns are the responsibility of EDF and its partners and will in no way fall on taxpayers”.

The government has also just doubled its own investment into Sizewell C to £2.5bn and is in the process of raising capital from private investors.

A government spokesperson said the new plant is “not a government project” and as such “any additional costs or schedule overruns are the responsibility of EDF and its partners and will in no way fall on taxpayers”.

The government has also just doubled its own investment into Sizewell C to £2.5bn and is in the process of raising capital from private investors.

Hinkley C: UK nuclear plant price tag could rocket by a third.

By Simon Jack, Business editor

The final cost of the Hinkley Point C nuclear plant being built in Somerset may soar by about a third, according to the French firm developing it.

EDF now estimates that the cost could hit £46bn, when taking price rises into account.

The completion date could also be delayed by three years………………………………

The French state-owned firm manages all five nuclear power stations that are currently generating electricity in the UK, along with three that are defueling, the first stage of winding down operations.

In 2022, the cost of the UK’s first new nuclear plant since the 1990s was estimated at £26bn, with a target date for completion of June 2027.

Previous cost estimates have been expressed in 2015 prices for easy comparison over time.

But taking inflation into account, the previous estimate on final costs of £26bn works out at £34bn today. The updated estimate of £31-35bn, could see costs hit £46bn in today’s prices – an increase of about a third.

In a letter to staff, seen by the BBC, Stuart Crooks, the managing director of Hinkley Point C, said there were 7,000 substantial design changes required by British regulations that needed to be made to the site, with 35% more steel and 25% more concrete needed than originally planned.

The revised estimates come after the government recently announced ambitions for the biggest expansion in nuclear power for 70 years.

The UK government has said in the past it wants nuclear to provide up to 25% of the UK’s electricity needs by 2050 as part of its plans to combat climate change.

A government spokesperson said the new plant is “not a government project” and as such “any additional costs or schedule overruns are the responsibility of EDF and its partners and will in no way fall on taxpayers”…………………………………….

Stuart Crooks, the managing director of Hinkley Point C, pointed out, however, that UK bill payers will not be directly affected by those building and cost time overruns.

The French firm EDF agreed to shoulder the risk and pay the full cost of construction, including any increases. This was in return for an agreed electricity price that was substantially higher than the average price in 2015 and would only rise in line with inflation.

“It is important to say that British consumers or taxpayers won’t pay a penny, with the increased costs met entirely by shareholders,” Mr Crooks’ letter read.

However, this price shock comes at a sensitive time for the UK government, which has agreed to allow construction costs for a new plant at Sizewell in Suffolk to be added to customers’ bills gradually over the decade which it will take to build.

The government has also just doubled its own investment into Sizewell C to £2.5bn and is in the process of raising capital from private investors.

Last week, the government triggered a “development consent order” that allows early-stage construction to begin in Suffolk despite several legal challenges from local and national opponents who have taken their fight to the Supreme Court.

Alison Downes of the campaign group Stop Sizewell C said that the announcement of additional funding was”inexplicable” following news of delays to one of the government’s key nuclear projects.

She described the Hinkley and Sizewell projects as an “unmitigated disaster”.

“The government should cancel Sizewell C instead of handing over scarce billions that could be used instead for renewables, energy efficiency or – in this [general] election year – schools and hospitals,” she added……………….. https://www.bbc.com/news/business-68073279

January 26, 2024 Posted by | business and costs, politics, UK | Leave a comment

UK’s flagship nuclear plant could cost up to $59 billion, developer says

A major nuclear plant that Britain’s government hopes will generate affordable, low-carbon energy could cost up to 46 billion pounds, or $59 billion, and the completion date could be delayed to after 2029

abc news, By SYLVIA HUI Associated Press, January 25, 2024

LONDON — A major nuclear plant that Britain’s government hopes will generate affordable, low-carbon energy could cost up to 46 billion pounds ($59 billion), and the completion date could be delayed to after 2029, the firm developing it said Wednesday.

The U.K. government says nuclear projects like the Hinkley Point C plant are a key part of its plans to ensure greater energy independence and achieve its “net zero” by 2050 strategy.

But a re-evaluation showed that the final bill for the plant, being built in Somerset in southwest England, could soar to up to 34 billion pounds in 2015 prices — or 43 billion pounds in current value, French energy giant EDF said………………………………….  https://abcnews.go.com/Business/wireStory/uks-flagship-nuclear-plant-cost-59-billion-developer-106635464

January 26, 2024 Posted by | business and costs, politics, UK | Leave a comment

As Trump looms, top EU politician calls for European nuclear deterrent

Center-right leader Manfred Weber says EU needs to prepare for war without US help and must build its own atomic shield.  

Politico, BY JAKOB HANKE VELA AND NICOLAS CAMUT, JANUARY 25, 2024 

Facing the potential return of Donald Trump to the White House, the head of the EU’s biggest political grouping is calling for Europeans to prepare for war without support from the United States and to build its own nuclear umbrella.

Manfred Weber, leader of the center-right European People’s Party (EPP) — currently tipped to come first in the European Parliament election in June — described Trump and Russian President Vladimir Putin as “the two who set the framework” for 2024.

Trump’s seemingly imminent coronation as Republican presidential contender after wins in Iowa and New Hampshire have spooked Europe, where he is remembered as a NATO skeptic, accusing EU countries of not paying their way and threatening not to come to Europe’s defense if it were attacked………………………………………… more https://www.politico.eu/article/europe-nuclear-warfare-detterence-manfred-weber-vladimir-putin-ukraine-russia-war/

January 26, 2024 Posted by | EUROPE, weapons and war | Leave a comment

Chris Hedges: The Four Horsemen of Gaza’s Apocalypse

Biden has always been an ardent militarist — he was calling for war with Iraq five years before the U.S. invaded.

Blinken, along with Biden, lobbied for the invasion of Iraq

Sullivan, Biden’s national security advisor, and McGurk, are consummate opportunists, Machiavellian bureaucrats who cater to the reigning centers of power, including the Israel lobby.  

Joe Biden relies on advisors who view the world through the prism of the West’s civilizing mission to the “lesser breeds” of the earth to formulate his policies towards Israel and the Middle East.

By Chris Hedges ScheerPost 21 Jan 24

Joe Biden’s inner circle of strategists for the Middle East — Antony Blinken, Jake Sullivan and Brett McGurk — have little understanding of the Muslim world and a deep animus towards Islamic resistance movements. They see Europe, the United States and Israel as involved in a clash of civilizations between the enlightened West and a barbaric Middle East. They believe that violence can bend Palestinians and other Arabs to their will. They champion the overwhelming firepower of the U.S. and Israeli military as the key to regional stability — an illusion that fuels the flames of regional war and perpetuates the genocide in Gaza.

In short, these four men are grossly incompetent. They join the club of other clueless leaders, such as those who waltzed into the suicidal slaughter of World War One, waded into the quagmire of Vietnam or who orchestrated the series of recent military debacles in Iraq, Libya, Syria and Ukraine. They are endowed with the presumptive power vested in the Executive Branch to bypass Congress, to provide weapons to Israel and carry out military strikes in Yemen and Iraq. This inner circle of true believers dismiss the more nuanced and informed counsels in the State Department and the intelligence communities, who view the refusal of the Biden administration to pressure Israel to halt the ongoing genocide as ill-advised and dangerous. 

Biden has always been an ardent militarist — he was calling for war with Iraq five years before the U.S. invaded. He built his political career by catering to the distaste of the white middle class for the popular movements, including the anti-war and civil rights movements, that convulsed the country in the 1960s and 1970s. He is a Republican masquerading as a Democrat. He joined Southern segregationists to oppose bringing Black students into Whites-only schools. He opposed federal funding for abortions and supported a constitutional amendment allowing states to restrict abortions. He attacked President George H. W. Bush in 1989 for being too soft in the “war on drugs.” He was one of the architects of the 1994 crime bill and a raft of other draconian laws that more than doubled the U.S. prison population, militarized the police and pushed through drug laws that saw people incarcerated for life without parole. He supported the North American Free Trade Agreement, the greatest betrayal of the working class since the 1947 Taft-Hartley Act. He has always been a strident defender of Israel, bragging that he did more fundraisers for the American Israel Public Affairs Committee (AIPAC) than any other Senator. 

“As many of you heard me say before, were there no Israel, America would have to invent one.  We’d have to invent one because… you protect our interests like we protect yours,” Biden said in 2015, to an audience that included the Israeli ambassador, at the 67th Annual Israeli Independence Day Celebration in Washington D.C. During the same speech he said, “The truth of the matter is we need you.  The world needs you. Imagine what it would say about humanity and the future of the 21st century if Israel were not sustained, vibrant and free.”

The year before Biden gave a gushing eulogy for Ariel Sharon, the former Israeli prime minister and general who was implicated in massacres of Palestinians, Lebanese and others in Palestine, Jordan and Lebanon — as well as Egyptian prisoners of war — going back to the 1950s. He described Sharon as “part of one of the most remarkable founding generations in the history not of this nation, but of any nation.”

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January 26, 2024 Posted by | politics, USA | Leave a comment

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