Hinkley C….. Will it happen or wont it? Living as I do in Gloucestershire and our local news is Points West, I can tell you that this story is ever-present and it seems like a long catalogue of delays and an equally long catalogue of statements saying that it will definitely go ahead…. just not saying when.
EDF, which is 85% owned by the French state, is struggling against a mountain of debt and has told ministers it will not build Hinkley, unless if receives help from the French government.
The French government has promised a financial bailout for cash-strapped energy group EDF so that it can proceed with the £18bn plan to build the first nuclear reactors in Britain for 20 years.
France’s economics minister, Emmanuel Macron, said it would be a mistake for the 85% state-owned company not to build a new Hinkley Point C power plant in Somerset and he would ensure it happened.
‘Hinkley point will be capable of generating 3.2 giga watts of energy.
Hinkley Point C will be the first nuclear powerstation to be built in the UK for more than 20 years.It will have the capacity to generate safe, reliable,low-carbon electricity, enough to power more than5 million homes for its anticipated lifespan of 60 years.’
This is from the EDF website.
If built, the plant will produce about 7% of the UK’s energy needs. The solar industry claim they could match that in just two years.
However the delays go on, Lord Mervyn Davies who chairs several private equity companies said “[Brexit fears are] having a huge impact on general confidence. What is scary for foreign direct investors, and investors generally, is the fear of the unknown.”
Whatever you think about the risks, the cost, the alternatives, I think that one of the reasons for the present delay is to wait and see what 23rd of June will bring. Then if the vote is to eave the EU it may go ahead or it may not. If you are anti nuclear you might think this is an argument for voting out. Personally I would prefer not to have to rely on a Chinese designed nuclear power station but equally I do not want to rely on Russia supplying us with gas, or not. I’m just sitting on the fence with this one.
To see other posts about our EU membership ( there are obviously 44 others, this being number 45) click EU membership summary And if you think any of them particularly relevant then please feel free to reblog or share them