Nuclear Power Stations: Construction

(asked on 19th April 2018) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to protect the public purse from (a) risks and (b) liabilities during the construction of new nuclear power stations.


This question was answered on 27th April 2018

The Government signed a Contract for Difference with EDF and CGN in September 2016. Under this agreement, the developer will fund the construction of the Hinkley Point C nuclear power station and bear associated risks and liabilities. Through this placement of construction related risks with the developer, the public purse is protected from the risks and liabilities arising from the construction of the Hinkley Point C nuclear power station.

The Department laid a minute on 21 October 2015 outlining the liabilities that would be incurred by entering in to the contracts for Hinkley Point C. The minute can be found at:

http://qna.files.parliament.uk/qna-attachments/425357%5Coriginal%5C20151021%20Minute%20to%20Parliament%20HPC%20contingent%20liabilities.docx

The Government continues to engage with other developers on their proposals for new nuclear power stations, including financing. These discussions are commercially sensitive.

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