Point C construction deal to be signed 'within weeks'
contract to build Hinkley Point C nuclear plant near Burnham-On-Sea
is reportedly "within weeks" of completion.
Energy Minister Michael Fallon told the Financial Times this
week he is "working intensely" to seal a deal for the
£14bn Hinkley Point C reactor.
Lengthy negotiations have taken place with France's EDF over
the price it could charge for the electricity generated.
Government approval to build the first in a planned set of new
nuclear sites in the UK was granted in March.
"We're not quite there yet, but I hope we will be in the
next few weeks," Mr Fallon told the paper.
Talks between EDF and the government to agree on a contract stalled
earlier this year over the guaranteed price at which the electricity
could be sold.
Guangdong Nuclear Power Group has a co-operation agreement with
EDF and could claim a stake of up to 49% in the project, the FT
reports. There is also said to be interest in further investment
in the UK's nuclear sector from companies in South Korea, China
Mr Fallon said: "There's intense interest there because
people can see that finally we're getting our civil nuclear programme
moving again after the long, dead Labour years."
However, environmental groups such as Friends of the Earth have
raised concerns over the potentially high price for electricity
the government will agree to in order to get the new plants built,
and the issue of nuclear waste.