European Commission gives green light for Hinkley funding

摘要

The UK nuclear supply chain has been told to prepare in earnest for a mammoth wave of work, following the approval of state aid arrangements for Hinkley Point C. The European Commission last week approved a package of measures that will allow the UK government to subsidise the electricity produced at the Somerset nuclear plant, and guarantee some of the debt raised to finance its construction. Hinkley developer EDF and the engineering industry said the decision was a major boost for plans to build the first new nuclear plant in the UK this century. The £16bn construction project could herald a new era of nuclear work. EDF has plans to develop Sizewell C in Suffolk, while NuGen's Moorside plant in Cumbria and Horizon's Newydd station on the Isle of Anglesey are also in the pipeline.