financial turmoil could cause new Hinkley Point C delays
delays to the £24.5bn project to build Hinkey Point C near
Burnham-On-Sea have been predicted this week amid the continuing
financial turmoil in China.
delays are being forecast for Hinkley Point C, which originally
expected to be generating electricity by Christmas 2017.
national media reports had suggested David Cameron and Chinas
President, Xi Jinping, would sign a multi-billion pound deal to
signify that a 'Final Investment Decision' could be made on Hinkley
Point C, with the Chinese expected to fund two thirds of the scheme
- however the current financial turmoil could place doubt on that.
Construction Products Association (CPA) is predicting that the
start of the main works on the nuclear site will be delayed until
Hinkley spokesperson Roy Pumfrey told Burnham-On-Sea.com on Tuesday
(August 25th): "With the Chinese stock market in turmoil
it is hardly surprising that the construction industry is predicting
yet more delays to this £24.5 billion project."
we think the Construction Products Association is being overly
optimistic. By 2018 the renewable industry will have had another
two or three years of falling costs and innovation, whereas nuclear
costs just keep rising and technical problems mount up."
should kick EDF out now so that we can get on with building the
sustainable industries we need to tackle climate change, capture
the jobs required and transform our energy and transport system
into one over which communities have more control."