Deal for first nuclear plant in a generation will attract more providers to Britain, say industry experts, as Government agrees strike price for Hinkley Point
By Roland Gribben, and Denise Roland
10:00AM BST 21 Oct 2013
The Government's deal with EDF will encourage other players to invest in new nuclear in Britain, industry experts have said.
Following months of negotiation, ministers have agreed a “cut-price” deal with the French power giant behind the project, paving the way for construction to begin at the Somerset site, provided the plan wins EU approval.
Tony Ward, head of power and utilities at EY, hailed the agreement as "one of the most significant enablers to unlock positive investment decisions, not just from EDF at their Hinkley site, but other potential co-investors, and subsequently from other developers."
He added that a "significant construction programme of new nuclear stations" would boost the UK economy by up to 0.34pc a year, and could generate as much as £1.6bn in nuclear exports.
Daniel Grosvenor, head of Deloitte’s UK nuclear practice, said the deal would "open the flood gates" for more investment in the sector.
No comments:
Post a Comment