3 months ago
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The UK/Ireland Nuclear Free Local Authorities were incredulous to learn that government ministers chose to back Sizewell C with a further £1.3 billion of public money on the same day (23 January) French nuclear operator EDF announced that Sizewell’s older twin sister, Hinkley Point C, would begin operating even later and at an even greater cost.
The public relations team handling Hinkley Point C announcements at EDF Energy must have a thankless task as theirs is seemingly a role that involves continually dispensing bad news. Yesterday’s https://www.edf.fr/en/the-edf-group/dedicated-sections/journalists/all-press-releases/hinkley-point-c-update-1 took the biscuit (though whether the PR team could console themselves with any given the state of the corporate finances is debatable; humble pie maybe?)
In the latest in a long litany of gloomy announcements portending further cost and delivery overruns, the company has now advised that the expected cost of delivering Hinkley Point C has increased by anything from £5-9 billion (your guess is as good as theirs) or ultimately between £31 and £35 billion. But this is based on 2015 estimates, so with inflation the bill might run to £46 billion at today’s prices. And the anticipated year in which Reactor 1 might start generating has slipped from the summer of 2027 to sometime never in 2029, with Reactor 2 coming online about one year later (or maybe not).
Interestingly our friends in Stop Sizewell report that Nuclear Minister Andrew Bowie told them recently on his whistlestop visit to Suffolk, bearing a ceremonial shovel, that Hinkley would come online in the late 2020s or early 2030s, and even the Telegraph and Guardian have reported that the plant will not be operational until the next decade.
Rather unconvincingly EDF claims that ‘The project continues to capitalise on the experience gained from construction of the 4 other EPRs around the world’ which is hardly encouraging as Taishan-1 in China experienced a serious accident which led to its shutdown for many months; Flamanville-3 in France, started in 2007 and expected to commence generation in 2012, is only now about to start loading fuel after an unhappy history of faults and compromised quality control; and Olkiluoto-3 in Finland, begun in 2005 with a start date of 2010, was only finished last year after a prolonged construction period which included a bitter contractual dispute about the apportionment of the massively spiralling costs, followed by a corporate bankruptcy.
Given the Hinkley debacle, the NFLAs regret that Mr Bowie did not put his shovel to good use by burying the Sizewell project, but instead, like many reckless gamblers, Ministers and senior civil servants at the Department of Energy Security and Net Zero have chosen to blow more taxpayers’ money on a losing prospect, doubling their bet on Sizewell C to £2.5 billion.
Clearly, DESNZ is unaware that lumbering nuclear white elephants are not the best runners to back in a race, and that renewables, provided with equal financial encouragement, will romp home by a mile every time. Given its latest foolhardy behaviour, the NFLAs now venture to suggest that DESNZ be once more swiftly renamed – this time to the Department of No Energy and Zero Sense.
Ends//… For further information please contact the NFLA Secretary, Richard Outram, by email at richard.outram@manchester.gov.uk
