National Party raises new financial concerns over Hinkley C
Scottish National Party has this week raised financial concerns
over the future of the Hinkley Point C project near Burnham-On-Sea.
comments came on Monday (June 15th) after EDF Energy, the company
behind the project, suffered a five-year delay and escalating
costs at its flagship project in northern France.
spokesperson for Energy and Climate Change Callum McCaig MP says
that Hinkley C could be eligible for consumer-funded payments
of around £1 billion per year totalling around £35billion
over the 35-year length of the contract, compared to the 15-year
contracts being offered to renewable energy projects.
McCaig said at an event on Monday: "The financial crisis
surrounding the future of the Hinkley Point C nuclear plant demonstrates
yet again the folly of the UK governments decision to spend
huge amounts of public money to subsidise new nuclear power stations."
the mounting evidence that it is hugely expensive with other stations
going vastly over budget and being years behind schedule, the
UK government are determined to continue to throw billions of
pounds into promoting new nuclear."
diverting money away from renewables to new nuclear the UK Governments
plans are also damaging the renewables sector."
is a bad deal that will push up bills and cost the taxpayers a
fortune for many, many years to come. Scotland neither needs not
wants new nuclear. We have huge potential in renewables that can
generate clean green energy for the future."