Southwest business insider has just reported that the planned £16bn new nuclear plant at Hinkley Point in Somerset has been given the final approval from the European Commission.
This means the potential for a lot of work in the Southwest Region. If you haven’t already registered you should do so at; www.hinkleysupplychain.co.uk
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From Insider media: The plant has been under scrutiny from the European Commission since December 2013, will be the first nuclear power station in the UK in almost 20 years.
Joaquín Almunia, the Commission’s vice-president who is in charge of competition policy, said: “After the Commission’s intervention, the UK measures in favour of Hinkley Point nuclear power station have been significantly modified, limiting any distortions of competition in the single market.
“These modifications will also achieve significant savings for UK taxpayers. On this basis and after a thorough investigation, the Commission can now conclude that the support is compatible with EU state aid rules.”
The new Hinkley Point C nuclear power station will be built by EDF Energy. It hopes to start operations in 2023, with an expected operational lifetime of 60 years.
The two reactors will produce in total 3.3 GW of electricity – the largest output produced by a single plant in the UK and representing 7 per cent of UK electricity generation.
The Hinkley Point C project was granted consent from West Somerset Council in January 2012. It could create about 900 jobs.
