denies reports of new delays to Hinkley Point C go-ahead
Energy has denied national media reports stating
that the final investment decision for Hinkley Point C near Burnham-On-Sea
has been delayed 'until at least the Autumn this year'.
Times reports that the nuclear schemes Chinese backers
have demanded that the French government protect them if the project
two Chinese companies involved are reported to be concerned about
Hinkley Points European Pressurised water Reactor (EPR)
newspaper also reported that EDF Energy is seeking assurances
from the Government that if Austria wins its legal action against
the proposed subsidies and the project has to be abandoned halfway
through, the company will receive compensation for the money invested
up to that point.
an EDF spokesman played down the reports, saying: "EDF and
the UK Government are working hard to finalize agreements on Hinkley
Point C and are making significant progress in all areas, with
the shared objective of finalizing all documents by the end of
March 2015. EDF is also making progress in its discussions with
future project partners. Meanwhile, the Hinkley Point C team is
working to prepare for the launch one of the largest construction
projects in Europe."
The Stop Hinkley Campaign said this week it welcomed the media
reports, with spokesman Allan Jeffery adding: "Any
further guarantees being sought by the Chinese Companies or EDF
energy would need to be notified to the European Competition Commissioner.
We also know that the financial arrangements for dealing with
radioactive waste have still not been notified to the Commission.
The whole project appears to be unravelling before our eyes."
yet as nuclear costs escalate the cost of renewable energy is
falling rapidly. For instance, the £160bn invested in clean
energy across the globe last year paid for almost twice the clean
electricity it would have done three years earlier. Its
time EDF admitted defeat. Somerset should turn its attention to
building a local economy which can take advantage of advances
in renewable energy and energy efficiency before its too