The developer behind plans to build a £1.3bn tidal lagoon plant in Swansea Bay has accused the government of distorting figures used to justify its decision not to back the scheme. Tidal Lagoon Power (TLP) has carried out an audit of the Business, Energy and Industrial Strategy (BEIS) department’s value for money assessment of the project, which has been reviewed by the Centre for Economics & Business Research economics consultancy. According to the audit, the BEIS assessment has not taken account of the longer lifespan of the Swansea Bay project, which is expected to keep generating power for 120 years, twice the estimated lifespan of nuclear power plants.
Edie 11th July 2018 read more »
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