Britain’s first nuclear power plant in 20 years approved

Q.  What is Hinkley Point?
- Published on 16 Sep 16

a. Cliff in southwest England
b. Energy project in Southwest England
c. Engineering project in Southwest England
d. Nuclear power plant in Southwest England

ANSWER: Nuclear power plant in Southwest England
 
Britain’s first nuclear power plant in 20 years approvedBritish government on 15th Sept approved the construction of UK’s first new nuclear power plant in more than two decades.
  • This French and Chinese backed project has prompted high level fears regarding national security
  • The decision has been made to proceed with the 18 billion pound plant in SW England.
  • Future foreign funded infrastructure projects will be subject to tighter rules
  • Plant will be financed by Chinese nuclear power provider CGN and French Energy Group EDF
  • China and France welcomed the approval heralding a “golden era” of ties
  • Under the deal, EDF will not be able to sell controlling stake in the project before completion without British approval
  • France’s nuclear industry has been struggling in recent years as the industry leaned towards renewables and away from costly nuclear plants notably in the wake of 2011 Fukushima accident
  • Trade unions and manufacturers in Britain also welcomed the deal, saying it could create close to 25,000 jobs
  • Nuclear power supplies about 20 percent of Britain’s energy, but no new reactors have been built since the 1990s
  • Hinkley Point project will cut GHG emissions which must fall by 80 percent on 1990 levels by 2050
  • Opposition criticised the deal’s guarantee to operators of fixed above market electricity price for 35 years

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