Boris Johnson is poised to give the go-ahead to a new nuclear power station at Sizewell in Suffolk as part of the Government’s bid to reach net zero emissions by 2050. The Prime Minister is due to give a major speech next week on going carbon neutral, with industry insiders anticipating a major commitment to developing a new nuclear reactor at Sizewell C. i understands that a final decision has yet to be signed off by No10 as the funding package is still being negotiated with French energy firm EDF. The announcement is part of Mr Johnson’s 10-point plan to reaching net zero by 2050 and comes after Japanese firms Toshiba and Hitachi withdrew from nuclear projects in Anglesey and Cumbria. Sources said the project is likely to be financed via a “blended approach” that could see the Government taking financial stake in the scheme in the hope of keeping additional costs on consumer bills to a minimum.
iNews 5th Nov 2020 read more »