EDF set to claim £2.5bn in compensation if UK govt. scraps Hinkley nuclear power plant

EDF have already started preparatory work on the site of Hinkley Point C
EDF have already started preparatory work on the site of Hinkley Point C

The French nuclear energy company which last week agreed to go ahead and build an £18 billion new atom power plant at Hinkley is set to claim £2.5 billion in compensation if the UK government decides – finally – to cancel the project.

This comes after the project was delayed at the eleventh hour, with from former Lib Dem British Energy Minister Ed Davey being critical of George Osborne’s approach towards the project as Chancellor.

Callum McCaig, SNP MP for Aberdeen South and the party’s spokesman on Energy at Westminster, said: today: “The latest revelations about the Hinkley Point project – with Government infighting and resignation threats emerging – shows the utter chaos at the heart of UK Government policy.
“The circumstances emerging around the nuclear plant at Hinkley are symptomatic of these problems – with France set to demand £2.5 billion in compensation if the plans are scrapped. Whatever the decision, the continued infighting in the Tory Party looks set to cost the taxpayer a fortune.
“UK Government policy on Energy is not delivering for consumers, on energy security or the environment – and now Davey’s comments throw into doubt the UK Government’s commitment to national security issues with this project.
“Westminster’s nuclear obsession is continuing even when they are slashing support for the renewable industry and cancelling carbon capture and storage initiatives, costing thousands of jobs across the UK and in Scotland in particular.
“It is absolutely vital that the UK Government sees sense and rethinks its energy policy.”

See alsoWhat does Hinkley Point mean for British energy bills?


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