A Chinese energy company says it would consider pulling back from control of a new UK nuclear plant to appease political sensitivities. China’s leading nuclear energy company CGN is due to operate the Bradwell plant in Essex with French energy company EDF. Under a 2016 agreement, CGN would have a 66.5 per cent stake and EDF would have the remainder when it starts generating electricity in the late 2020s or ealry 2030s. However, CGN’s chief executive Zheng Dongshan told the Financial Times (FT) CGN would be willing to consider “not being the majority operator”. Mr Zheng added: “We understand the political and local sensitivities.
iNews 18th Sept 2018 read more »
Possible Chinese withdrawal from Bradwell B ‘not surprising but still a surprise’ says BANNG. The news (Financial Times, 18 September, 2018) that the Chinese company behind Bradwell B is considering withdrawing its interest in the project because of political sensitivities ‘is not, perhaps surprising, though it comes as a surprise, nonetheless’ says BANNG’s Andy Blowers. The project may be doomed anyway as the site is totally unsuitable and is widely opposed by communities all around the Blackwater. The Chinese withdrawal, should it come, would reflect widespread concerns about the security issues surrounding their investment into a highly sensitive part of the UK’s national infrastructure. Recent manoeuvres off the disputed, Chinese-built, artificial islands in the South China Sea have increased tensions in the area and provoked warnings of Chinese investment withdrawal from the UK. It is possible that the Bradwell project could be an early victim of deteriorating relations between the two countries. In any event the project was already looking doubtful. It is facing considerable challenges in delivering vast quantities of cooling water by pipeline and the need to avoid polluting the Marine Conservation Zone which gives protection to the Colchester Native Oyster and other marine life. Most of the site is vulnerable to flooding and it will be a heroic feat to demonstrate that highly radioactive spent fuel can be safely and securely stored on the site until the end of the next century.
BANNG 18th Sept 2018 read more »