New Nuclear Plant

March 20, 2013 by  

New Nuclear Plant, Plans for the first new nuclear power station for nearly a generation in the UK have got the go-ahead from the energy secretary, who has said he is granting planning consent.

Ed Davey told the House of Commons the French energy firm EDF would be allowed to build two new nuclear reactors at Hinkley Point in Somerset, on the site of an existing power station, which is due to close in 2023.

“It’s vital to get investment in new infrastructure to get the economy moving,” Davey said. ” or other details.”

There are additional concerns that when a deal is agreed with EDF, the European commission could launch an inquiry into the subsidies, which would qualify as state aid. That would delay the project by at least 18 months. EDF would then have to begin finding funding of up to £14bn to pay for construction of the turbines.

Approval has been granted for the design of the EPR (European Pressurised Reactor) reactor, and the Environment Agency last week agreed to the environmental permits needed.

Building the reactors is expected to create 20,000-25,000 construction jobs, and 900 permanent jobs when the plant opens.

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