‘The next Huawei’: Can Sizewell C be built without the Chinese? With UK-China tensions on a knife edge, nuclear power is becoming the next flashpoint, Emily Townsend investigates whether Sizewell C is possible without Chinese cash. Dr Paul Dorfman, of University College London’s energy institute and founder of the Nuclear Consulting Group, said it was hard to see who else would invest in Sizewell if the Chinese pulled out. “The market won’t touch nuclear with a barge pole. You only see nuclear being built in command-and-control economies, like China and Russia, and a few outliers,” he said. Simon Gray, CEO of the East of England Energy Group, said: “There are other ways a finance package could be developed – but that would clearly take time, which we do not have if we want to achieve net zero by 2050.” If China were to pull out or be banned from involvement, the Government would need to balance the need for nuclear in the UK against the “huge sums of money it would need to find as an alternative funding solution”, he added. Professor Anthony Glees, international security expert at the University of Buckingham, added: “In theory, Sizewell C could happen as CGN has only a 20% stake … in practice, I doubt EDF would wish to go ahead without the cushion of Chinese cash if, as seems probable, the project overruns.” One option is for the Government to help finance the £20bn project, with something called a Regulated Asset Base (RAB) – where consumers would be charged a fixed price in exchange for the infrastructure. Results of a Government consultation into this option are due to be published shortly. But Dr Dorfman said this could be bad news for consumers.
East Anglian Daily Times 25th July 2020 read more »
A NUCLEAR power station on the coasts of Suffolk could support jobs in the Wee County if given government financial backing. Company Trillium Flow Technologies, which runs a service centre in Alloa, has joined a major industrial consortium to call on the UK Government to back plans for the Sizewell C nuclear power station. The engineering and service firm is looking to cut out a slice in the nuclear supply chain, securing jobs in the area. David Gallacher, managing director at Trillium Flow Services in Alloa, said: “I’m pleased to have joined the Sizewell C Consortium as we look to secure part of the future of the nuclear supply chain in Scotland.
Alloa Advertiser 24th July 2020 read more »