After a comprehensive review of the Hinkley Point C project, the Government has decided to proceed with the first new nuclear power station for a generation, with a revised agreement with EDF.
Claire Jakobsson, Head of Climate & Environment Policy at EEF, the manufacturers’ organisation, commented on the Government confirmation on the project and said: “This announcement provides some positive news for industry.”
“With Hinkley C being such a major part of the Government’s energy strategy it is a relief to finally see the project given the green light after months of delays and uncertainty. It is encouraging to see investment in major UK infrastructure projects continuing to go ahead.”
Jakobsson added: “However, this project will clearly require a vast amount of support and it remains to be seen whether this deal is able to offer value for money. If new nuclear is to continue to play a major role we must see significant reductions in strike prices for future projects.”
Adding that such a large amount of subsidy was going into this project, Jakobsson said: “It is essential that the Government ensures the opportunities for the UK economy are maximised, particularly for manufacturers. Within the deal is a commitment to keep 60% of the value of the project within the UK. We must now ensure this is delivered.”
Write a comment
No comments