EDF delays decision on Hinckley Point nuclear reactor investment

[webfact]

EDF delays decision on Hinckley Point nuclear reactor investment



PARIS: -- Energy company EDF, which is 85 percent French-owned, has pushed back a decision on whether or not to invest in Britain’s Hinckley Point nuclear reactor.

Described by France’s Economy Minister, Emmanuel Macron, as “the principal nuclear project in the developed world,” it’s potentially risky, definitely controversial and could cost EDF over 22 billion euros.

Originally expected on March 30, the decision on investment is now to be made in May.

-- (c) Copyright Euronews 2016-03-23

[boomerangutang]

Nuclear is not the way. There are several viable alternative/renewable/clean ways to generate power on large scale. Of the alternatives, concentrated solar is best.

[Bobotie]

Nuclear is not the way. There are several viable alternative/renewable/clean ways to generate power on large scale. Of the alternatives, concentrated solar is best.

Concetrated solar gives nowhere near the MW even a single PWR reactor can put out....your spouting the typical greenie urban legends...lets build mirrors and wind mills everywhere and then have no availible land to grow food...but that ok as the people staving are enviromentally friendly

[Srikcir]

The 3,200 MW Hinkley Point C plant in Somerset was hailed by Cameron as the “flagship project of cooperation” in a new era for China and Britain. That single plant is intended to provide about 7% of the UK’s energy. The plant ouput would be more than 8 times the output of Ivanpah Solar power plant (USA), currently the world's largest solar power plant.

State-owned China General Nuclear Power had taken a 33.5% stake in Hinkley, with EDF holding the remainder of the ownership. The deal was signed off in front of Cameron and Xi. EDF had turned down the offer of up to £16bn of UK government loan guarantees.

If the French back out of the deal for whetever, Cameron will be politically motivated to find a substitute investor. I doubt the Chinese will invest 100% simply because of completion risk - the project is already projected to be one of the most expensive nuclear power plants in the world. And frankly the idea of the Chinese controlling the power plant may give Brits the jitters in terms of national security.

In the alternative the British government and private investors could partner, say 33.5% financed by the British government through treasury bonds and 33% by private investors.

[Bobotie]

The 3,200 MW Hinkley Point C plant in Somerset was hailed by Cameron as the flagship project of cooperation in a new era for China and Britain. That single plant is intended to provide about 7% of the UKs energy. The plant ouput would be more than 8 times the output of Ivanpah Solar power plant (USA), currently the world's largest solar power plant.

State-owned China General Nuclear Power had taken a 33.5% stake in Hinkley, with EDF holding the remainder of the ownership. The deal was signed off in front of Cameron and Xi. EDF had turned down the offer of up to £16bn of UK government loan guarantees.

If the French back out of the deal for whetever, Cameron will be politically motivated to find a substitute investor. I doubt the Chinese will invest 100% simply because of completion risk - the project is already projected to be one of the most expensive nuclear power plants in the world. And frankly the idea of the Chinese controlling the power plant may give Brits the jitters in terms of national security.

In the alternative the British government and private investors could partner, say 33.5% financed by the British government through treasury bonds and 33% by private investors.

Believe the reactors they intend using are 3rd generation 4 loop PWR, which increase the power generation effiency and safety, hence the reason this is such an expensive project, this french design has been talked about for over 25 years, but nobody had the "balls" to build one, even the french (EDF) due to the cost

[JAG]

"Red sky at night, Wales is alight'

Red sky in the morning, Hinkley is burning."

As we used to say in Minehead!

[Jonmarleesco]

'Described by France’s Economy Minister, Emmanuel Macron, as “... potentially risky, definitely controversial ...' Funny the French can see something that Messrs Cameron and Osborne prefer to ignore. It's they that should be dictating the process ... and abandoning the Chinese-French consortium in favour of a British company.

[Jonmarleesco]

The 3,200 MW Hinkley Point C plant in Somerset was hailed by Cameron as the flagship project of cooperation in a new era for China and Britain. That single plant is intended to provide about 7% of the UKs energy. The plant ouput would be more than 8 times the output of Ivanpah Solar power plant (USA), currently the world's largest solar power plant.

State-owned China General Nuclear Power had taken a 33.5% stake in Hinkley, with EDF holding the remainder of the ownership. The deal was signed off in front of Cameron and Xi. EDF had turned down the offer of up to £16bn of UK government loan guarantees.

If the French back out of the deal for whetever, Cameron will be politically motivated to find a substitute investor. I doubt the Chinese will invest 100% simply because of completion risk - the project is already projected to be one of the most expensive nuclear power plants in the world. And frankly the idea of the Chinese controlling the power plant may give Brits the jitters in terms of national security.

In the alternative the British government and private investors could partner, say 33.5% financed by the British government through treasury bonds and 33% by private investors.

Believe the reactors they intend using are 3rd generation 4 loop PWR, which increase the power generation effiency and safety, hence the reason this is such an expensive project, this french design has been talked about for over 25 years, but nobody had the "balls" to build one, even the french (EDF) due to the cost

'Believe the reactors they intend using are 3rd generation 4 loop PWR, which increase the power generation efficiency and safety ... but nobody had the "balls" to build one ...' Hence - and ignoring the Chinese involvement - purely theoretical

[Bobotie]

The 3,200 MW Hinkley Point C plant in Somerset was hailed by Cameron as the flagship project of cooperation in a new era for China and Britain. That single plant is intended to provide about 7% of the UKs energy. The plant ouput would be more than 8 times the output of Ivanpah Solar power plant (USA), currently the world's largest solar power plant.

State-owned China General Nuclear Power had taken a 33.5% stake in Hinkley, with EDF holding the remainder of the ownership. The deal was signed off in front of Cameron and Xi. EDF had turned down the offer of up to £16bn of UK government loan guarantees.

If the French back out of the deal for whetever, Cameron will be politically motivated to find a substitute investor. I doubt the Chinese will invest 100% simply because of completion risk - the project is already projected to be one of the most expensive nuclear power plants in the world. And frankly the idea of the Chinese controlling the power plant may give Brits the jitters in terms of national security.

In the alternative the British government and private investors could partner, say 33.5% financed by the British government through treasury bonds and 33% by private investors.

Believe the reactors they intend using are 3rd generation 4 loop PWR, which increase the power generation effiency and safety, hence the reason this is such an expensive project, this french design has been talked about for over 25 years, but nobody had the "balls" to build one, even the french (EDF) due to the cost

'Believe the reactors they intend using are 3rd generation 4 loop PWR, which increase the power generation efficiency and safety ... but nobody had the "balls" to build one ...' Hence - and ignoring the Chinese involvement - purely theoretical

No they are not theoretical in the least, Gen 3 reactors are just improvements on what has gone before thats all, and the reason they havent been built has been one of cost and cost alone and the reason the chinese will be involved is that one of the first Gen 3 reators is going up in China

[boomerangutang]

Nuclear is not the way. There are several viable alternative/renewable/clean ways to generate power on large scale. Of the alternatives, concentrated solar is best.

Concetrated solar gives nowhere near the MW even a single PWR reactor can put out....your spouting the typical greenie urban legends...lets build mirrors and wind mills everywhere and then have no availible land to grow food...but that ok as the people staving are enviromentally friendly

There's a concentrated solar complex that just got on line near a small California town called Tonopah, It's output is 110 megawatts. Cost for fuel = $0.00 Pollution = zero decommissioning = very little time and expense.

To fully decommission a N power plant = about 30,000 years and hundreds of millions of dollars.

[Bobotie]

Nuclear is not the way. There are several viable alternative/renewable/clean ways to generate power on large scale. Of the alternatives, concentrated solar is best.

Concetrated solar gives nowhere near the MW even a single PWR reactor can put out....your spouting the typical greenie urban legends...lets build mirrors and wind mills everywhere and then have no availible land to grow food...but that ok as the people staving are enviromentally friendly

There's a concentrated solar complex that just got on line near a small California town called Tonopah, It's output is 110 megawatts. Cost for fuel = $0.00 Pollution = zero decommissioning = very little time and expense.

To fully decommission a N power plant = about 30,000 years and hundreds of millions of dollars.

And ?...your point is ? 110MW is very little output, and how much land had been taken up to get this 110MW ?

[champers]

The Tories in the UK destroyed it's own coal industry because it had to be heavily subsidised. Now we have the begging bowl out & inducements galore for foreign countries and companies and the economic situation at Hinkley is turning into a stand-off. Who will make up the shortfall? Probably UK consumers paying highly inflated power prices for decades to come, that's if the project ever starts. At the outset of this process, EDF said people would be cooking their 2017 Chrismas dinners with power from Hinkley Point. The decision from EDF to continue the project has been delayed yet again, so even getting a spade in the ground prior to Christmas 2017 looks less likely.