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UK approves Hinkley Point nuclear plant

SEP 15, 2016

DOI: 10.1063/PT.5.0210106

Physics Today

BBC : The UK government has approved an £18 billion ($24 billion) project to construct a nuclear power plant at Hinkley Point in Somerset, England. The project is being financed by the French and Chinese governments. As part of the agreement, the UK can prevent EDF, France’s state-controlled energy firm, from selling its stake in the project. EDF is providing two-thirds of the funding for the project, which is expected to create more than 25 000 jobs. The Chinese investment also included an agreement for the development of a new nuclear plant at Sizewell in Suffolk and an understanding that the UK would approve another Chinese-led project at Bradwell in Essex. The 3.2 GW Hinkley Point power plant will satisfy roughly 7% of the UK’s energy needs.

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