New Nuclear Watch Europe (NNWE) Reaction to Government Delay on Hinkley

NNWE REACTION TO GOVERNMENT DELAY ON HINKLEY

29 JULY 2016

 

Tim Yeo, Chairman of New Nuclear Watch Europe (NNWE) reacts to the government decision to delay the Hinkley Point C nuclear power plant in Somerset until the Autumn.

 

“Last night’s surprise intervention by the UK Government to delay the Hinkley Point project has created uncertainty both in the nuclear industry and among investors. This needs to be resolved as soon as possible to minimise the potential damage to Britain’s reputation as a business friendly country.

Four immediate steps by Government are required today:

  1. Reassure the nuclear industry that, regardless of the outcome of this reconsideration of Hinkley, nuclear will remain part of the UK energy mix.
  2. Confirm that the proposed reconsideration of the Hinkley project will include a careful assessment of the likely completion date, bearing in mind the continuing difficulties which are being experienced at Flamanville.
  3. Confirm that foreign investment in the UK nuclear industry is still welcome.
  4. Examine whether any alternative nuclear vendors can deliver new nuclear capacity more quickly and cheaply than EDF.”

 

If you wish to arrange to speak to Tim Yeo, please contact:

Edmund Gavaghan
T: +44 (0)7714 283858
E: contact@newnuclerwatch.eu

Melanie Wedgbury
T: +44 (0)7734 793279
E: mel@newnuclearwatch.eu

 

-ENDS-

 

Notes to Editors:

  1. NNWE was founded at the end of 2014 to help ensure nuclear power is recognised as an important and desirable way for European governments to provide affordable, secure, low carbon energy and help to meet the long-term energy needs of their citizens.
  2. NNWE wants to ensure that contracts for new nuclear power stations are awarded in a way which delivers the greatest benefit in the fairest manner, to local communities, as well as to consumers and national governments.
  3. Membership of NNWE is open to all companies, individuals and organisations active in the nuclear industry including those involved in the supply chain. More information is available at newnuclearwatch.eu.
  4. Tim Yeo is Chair of New Nuclear Watch Europe and the University of Sheffield Industrial Advisory Board for the Energy 2050 initiative. He is a former Shadow Secretary of State for Trade and Industry and was Chair of the Environmental Audit Select Committee from 2005-2010 and then Chair of the Energy and Climate Change Select Committee from 2010-2015.