Antinuclear

UK’s Hinkley Point nuclear plans grind to a halt, with financial problems

Hinkley Point C nuclear project workers face layoff , Guardian 2 Apr 15 Up to 400 constructors at site of new nuclear power station could be laid off as preparation work comes to end before final investment decision by owner EDF. As many as 400 workers at the site of a new nuclear power station at Hinkley Point face being laid off while the French owners of the project decide whether to make an investment in the £16bn project.

EDF has almost completed the project’s preparatory earthworks, drainage, welfare facilities and roadworks, but is yet to decide on the investment to mark the beginning of the construction the plant in Somerset.

The company said a decision would be reached in the coming months, and it has already launched a 45-day redundancies consultation, said the unions…….

It is the first new new nuclear plant in the UK in decades and is scheduled to start producing electricity in 2023. EDF, however, is still negotiating with UK authorities about government debt guarantees for the project, along with decommissioning costs and other details.

It is also negotiating with two Chinese utilities about their role in Hinkley Point and possible future UK nuclear projects with EDF……http://www.theguardian.com/environment/2015/apr/02/hinkley-point-c-nuclear-project-workers-face-layoff-power-station-investment-edf

April 3, 2015 - Posted by Christina Macpherson | Uncategorized