New Projects, Reactors

Green light expected for Hinkley Point nuclear power plant

UK Hinkley Point nuclear power plant Ed Davey EDF

The UK’s Energy Secretary Ed Davey, is expected to announce Tuesday that the government will allow construction of the proposed Hinkley Point C nuclear power plant, the Guardian reports. The plant, to be constructed at Somerset, will provide 7 percent of the UK’s electricity needs.

The fate of the facility has remained in limbo due to ongoing negotiations between the builder firm EDF and the UK government over the “strike” price, or the guaranteed price for electricity implemented in a long-term contract to offer assurance to risk-averse investors.

A local union leader said the plant’s construction will create “thousands of skilled construction jobs for the next five years, and around 800 jobs in the operation of the power station over the next 60 years,” according to the Guardian.

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