Posted: 27th January 2022
Government’s cash injection is designed to ‘maximise investor confidence’ while the company courts private investors
The government’s cash injection is designed to “maximise investor confidence” in the project while French state-owned EDF works towards setting out a funding plan which satisfies investors and UK ministers.
Sizewell C needs Dosh
The government needs to agree a funding model to allow Sizewell C to progress “without any further delay” or workers at Hinkley Point C may be lost to other projects. EDF’s plan has been for Hinkley employees to move across to work on the proposed Sizewell project, which has been described as ‘Hinkley Units 3 and 4’. Unite general secretary Sharon Graham emphasised the need to retain this skills pipeline following the announcement yesterday of £100M of government funding for the scheme.“Any further delay in bringing forward the final decision on building Sizewell will be disastrous, as the vital skills that have been learned and developed at Hinkley Point could be lost and fail to transfer to the new project,” Graham said. New Civil Engineer 28th Jan 2022 https://www.newcivilengineer.com/latest/hinkleys-skilled-workforce-will-be-lost-unless-sizewell-c-is-given-full-commitment-now-28-01-2022/