Ministers invest £100m in EDF’s £20bn Sizewell C nuclear power station

Posted: 27th January 2022



Government’s cash injection is designed to ‘maximise investor confidence’ while the company courts private investors

Illustration of the planned Sizewell C nuclear power plant in Suffolk lighter buildings right which will be built next to Sizewell B
Illustration of the planned Sizewell C nuclear power plant in Suffolk (lighter buildings, right) which will be built next to Sizewell B. Photograph: EDF
Thu 27 Jan 2022 00.01 GMT
Ministers have thrown further support behind EDF Energy’s £20bn Sizewell C nuclear power station in Suffolk with a £100m investment to help develop the project 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.


https://www.theguardian.com/environment/2022/jan/27/ministers-invest-100m-in-edfs-20bn-sizewell-c-nu…

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/


GMB, the energy union, has welcomed the £100 million Government fundingpledged to support the continued development of the Sizewell C project inSuffolk. GMB 27th Jan 2022  https://www.gmb.org.uk/news/sizewell-c-funding-huge-stride-towards-low-carbon
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