Despite the government’s constant assertion that funding is impossibly tight and that any departure for a rigid status quo by the Labour party is unaffordable, there seems to be no limit to government subsidies gushing into the doomed nuclear project at Hinkley in Somerset.
Last year the government offered the French energy company EDF the contract to build a third nuclear power station paid for by increases in electricity bills over 35 years and Treasury-backed loans. Now confidence in the project is evaporating as it is increasingly realised that the same construction problems, delays and spiralling costs which have devastated EDF’s building similar nuclear plants at Olkiluoto in Finland and Flammanville in France will hit Hinkley C in the UK. Centrica, which was supposed to be a joint partner with EDF, pulled out. Continue reading




