December 8 2013 Latest news:
Monday, October 14, 2013
Government officials last night hinted that a multi-billion pound investment could be made in a new generation of nuclear power stations, potentially paving the way for a third plant to be created in Suffolk.
Energy secretary Ed Davey said he believes a wave of funding could come from China, Japan and Korea, which would help to secure the UK’s power supply in the future.
The announcement comes after a period of deadlock between the government and EDF Energy over the guaranteed price of electricity generated at the firm’s proposed plant at Hinkley Point in Somerset – which has led to specualtion over the future of Sizewell C.
But if major investment is pumped into the industry, it is believed it will ease the negotiations and lead to the development in Somerset and, in turn, the creation of Sizewell C, near Leiston.
The move has been welcomed by supporters in the county and Suffolk Coastal MP, Therese Coffey, whose constituency includes Sizewell, said there was nothing to fear from Chinese investment.
She added: “I would like to think that we would welcome any external investment so we can see Sizewell C become a reality.”
Mr Davey said: “I think it is really possible that we will see massive Chinese investment, not just in nuclear but across the board. And I think we will see massive Japanese investment and Korean investment.”
“If and when I secure a deal, I will take personal responsibility for that deal,” he added.
The potential investment has, however, not been welcomed by all parties, particularly by opponents to a potential new plant in Bradwell, Essex.
The Blackwater Against New Nuclear Group has claimed a station there would have disastrous effects on the Blackwater Estuary and could inflict “untold damage” on marine life.
Chairman of the group, Andy Blowers, said: “The idea of massive nuclear power plants plus cooling towers and high-level waste stores at Bradwell is appalling enough. The fact that it may all be done by a foreign power using their own designs is no way to protect safety and security of energy supply.”