Point C deal 'at serious risk of collapse' claims energy expert
deal to build a nuclear reactor at Hinkley Point near Burnham-On-Sea
may not go ahead, an expert has claimed this week.
Energy is due to build the £24.5bn plant, which would be
the first in the UK in almost 20 years.
Steve Thomas, professor of energy policy at the University of
Greenwich, said: "The project is at very serious risk of
collapse at the moment."
comes after French state-controlled firm Areva was to invest 10%
of the finance, but has reportedly run into financial problems.
Areva was also due to supply its reactors. However, other similar
schemes of the same design, including in Finland, have also experienced
four of those reactors have ever been ordered. Two of them are
in Europe, both of those are about three times over budget: one
is about five or six years late and the other is nine years late,"
says Professor Thomas.
more are in China and are doing a bit better, but are also running
Thomas said it was "inconceivable" at this stage for
Areva to contribute its 10% stake, which is the equivalent of
Energy originally had an 80% stake in the consortium, but this
has fallen to 50% and it is trying to offload a further 15%.
month the nuclear power plant won the final approval from European
Union regulators after an investigation into whether the deal
broke EU state aid rules.
EDF Energy said it would not comment on this week's claims. The
BBC reported on Thursday that EDF may be considering whether to
bring in Saudi Electric, although this company has no nuclear
spokesman for the Department for Energy and Climate change said:
"We are confident in the Hinkley Point C project. EDF still
expects the power station to come online around 2023."