Final contracts signed for Hinkley Point C project
The final agreements enabling construction of two EPR units at Hinkley Point C to proceed were signed yesterday in London by the UK government, EDF and China General Nuclear.
Hinkley Point C received a long-awaited and positive final investment decision (FID) from the EDF board on 28 July, only for the UK government to immediately postpone signing its supporting agreements. A ceremony to mark the signing of the final contracts had been planned to take place at the Hinkley Point site the following day.
Prime Minister Theresa May said a review of the deal would be carried out before the government committed its support. Under a deal agreed with EDF Energy last October, CGN will take a 33.5% stake in the project. In addition, the two companies plan to develop projects to build new plants at Sizewell in Suffolk and Bradwell in Essex, the latter using Chinese reactor technology.
Consisting of two European Pressurized Reactors, Hinkley Point C in Somerset, England will be the first new nuclear power station to be built in the UK in almost 20 years and will provide about 7% of the country’s electricity. The first unit is currently expected to be commissioned in 2025-2026.
Courtesy of WNN