Hinkley Point deal under threat from EU ruling

The Hinkley construction site near Bridgwater, with the twin reactors of Hinkley A in the background. Photograph: Adrian Sherratt for the Guardian The new nuclear reactors now given the go-ahead at.

EU rules require that the costs of the Infrastructure Guarantee provided by the government will be paid for at a commercial rate. In October last year, EDF said that the construction costs for the two nuclear power units at Hinkley Point, expressed in 2012 money, are expected to be 14 billion.

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 · The European Union is under siege. In elections from Sweden to Spain, right-wing populists continue to gain strength, while support for traditional.

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But without a UK-EU free trade deal, yet to be negotiated, that would tie the latter to the bloc’s trade rules – anathema to hardline pro. The EU has made a point of publishing contingency plans.

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Brussels (AFP) – The EU will recommend approval of Britain’s ambitious plan to build its first nuclear plant in a generation, with backing from French and chinese energy giants, after ruling that it met state aid rules, a spokesman said Monday. The Hinkley Point project, to be built by France’s EDF.

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Hinkley Point C is the worst deal ever Hinkley Point C will be the most expensive power station in the world after completion. It sits on 430 acres and is the biggest building site in Europe. The project has been in the works since 1995. Back then, the Hinkley Point project was very controversial and faced relentless opposition from politicians.

European Commission – Press Release details page – European Commission Press release Brussels, 8 October 2014 The European Commission has found revised UK plans to subsidise the construction and operation of a new nuclear power plant at Hinkley Point in Somerset to be in line with EU state aid rules.

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