Former minister who signed off on Britain’s first new nuclear plant in generation says ‘economics have gone away’ from the project. The former energy secretary who signed off on the Hinkley Point C nuclear power plant has told Unearthed he doubts the project will ever get built. Sir Edward Davey said the lower cost of renewables today means “the economics have clearly gone away” from the project. He said: “There are doubts about whether it will ever get built. I’m not a nuclear engineer, I’m not watching the construction, but as a neutral observer, I look at Finland [the Olkiluoto-3 nuclear plant] and I look at Flamanville and, obviously, they’re not built yet.” State-owned French company EDF, which is delivering the Hinkley project, is involved in both Olkiluoto-3 and the new nuclear plant in Flamanville, France – both of which have been beset by cost overruns and delays. As recently as last year, the Liberal Democrat MP told the BBC’s Today programme the £18bn project to build Britain’s first new nuclear power station in a generation was a “good deal”, and would have cost even more had the Conservatives had their way.
Unearthed 15th Dec 2017 read more »