Point: Government is 'exploring ways to pull out of the deal'
officials who are reviewing the massive Hinkley Point nuclear project
near Burnham-On-Sea are exploring how the UK might withdraw from
the deal while minimising financial risk and damage to international
relations, it has been reported this week.
servants are looking to see if there is any loophole, clause or
issue in contracts yet to be signed that allow the Government to
pull back without a huge loss and while also saving face, reports
The Independent newspaper.
was expected last month when the board of French energy company
EDF voted to go ahead with Hinkley C power station that the British
Government would give its approval. Instead, new Business Secretary
Greg Clark announced he needed more time to make a decision.
source told the newspaper: "There is a working assumption of
people in government that the civil service is looking for a way
out, a legal loophole, a clause. They are looking for anything that
will allow the Government to withdraw and also allow the Chinese
to withdraw while also saving face."
from the Department for Business, Energy & Industrial Strategy
said: "No contract has been signed and it is only right that
a new Government considers all component parts carefully before
making a final decision."
have also been concerns over whether Chinas involvement is
a security risk.
Timothy, a senior adviser to Prime Minister Theresa May, previously
warned that China "could use their role to build weaknesses
into computer systems which will allow them to shut down Britains
energy production at will."
two new reactors that would be built at Hinkley are also of an unproven
design, with the two being constructing elsewhere beset by budget
overruns and delays.
Point C would be a crucial part of the UK's future energy mix, providing
7% of the country's total electricity needs when up and running.
It is also expected to create 25,000 jobs.