Hinkley Point Postponed Until September
Hinkley Point has Postponed Plans until September
Towards the end of July, last minute delays were proposed for Britain’s first new nuclear power plant for a generation. The decision for Hinkley Point, Somerset, came into place after Theresa May’s Government announced a new review. Resulting in the decision on the future of Hinkley Point being postponed until September.
After the EDF board approved the £18 billion project, within hours their decision had been subsided by the new Business and Energy Secretary, Greg Clark. He announced the project will be delayed.
He said: “The UK needs a reliable and secure energy supply and the government believes that nuclear energy is an important part of the mix. The government will now consider carefully all the component parts of this project and make its decision in the early autumn.”
Critics say that Hinkley Point is “poor value for money” and “very risky”.
The government has promised to pay EDF a cemented cost of £92.50 per mega-watt hour of electricity for a substantial 35 years.
Questions have been raised regarding the association in the project with the Chinese State nuclear firms who are due to invest one third of the Hinkley Point project. The Chinese ambassador to the UK, Liu Xiaoming, has stated that he feels as though the ‘mutual trust’ is in jeopardy as a result of the recent delays to the nuclear project. This will continue unless the Hinkley Point power station is given the green-light again.
Liu Xiaoming said: “Right now, the China-UK relationship is at a crucial historical juncture. Mutual trust should be treasured even more.
“I hope the UK will keep its door open to China and that the British government will continue to support Hinkley Point – and come to a decision as soon as possible so that the project can proceed smoothly.”
The two reactors which are planned to be constructed at Hinkley Point are expected to generate the right amount of electricity in order to meet 7 percent of the UK’s energy needs. This would enforce power in 5.8 million homes.
Considering recent delays, the power is expected to be produced by 2033. Before the recent changes, the initial prediction for power to be produced was 8 years before this date, therefore allowing Hinkley Point to be producing power by 2025.
Given the above, the government have insisted that Hinkley Point represents a good deal to assist the replacement of Britain’s ageing power plants. Old coal stations have been shut down to environmental rules and old nuclear reactors have to also bid farewell.
What are your views on the new Hinkley Point plans? Do you agree with the critics comments or do you think Hinkley Point will be a good investment in the energy industry? Should the plans be postponed or should we go ahead ASAP with our new nuclear power plant station?
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