“UK in last ditch new nuclear crunch talks as ageing power plants falter”

Remember, Hinkley C is where most of our Local Enterprise Partnership’s money (OUR money) is invested and a good proportion of LEP board members have nuclear or allied-closely-to-nuclear interests. AND renewable energy costs are getting lower and lower.

“Prime Minister Theresa May faces crunch talks over the future of a new nuclear power station on Thursday, as fresh faults reduce the amount of energy Britain’s ageing fleet of reactors can generate.

The Japanese conglomerate behind plans to build a new reactor at the Wylfa nuclear site in Wales is expected to call on the Government to take a direct stake in the new plant, or risk the £27bn project falling through.

The last-ditch talks between Hitachi chairman Hiroaki Nakanishi and the prime minister were scheduled for the same day that fresh cracks in one of the UK’s oldest [EDF-owned] nuclear plants underlined the need for new investment in low-carbon power.

A string of power plants, including the faltering Hunterston nuclear plant, are set to close by 2025.

Hitachi’s 2.9 gigawatt nuclear project could help to fill the gap created by the closures, but the group is not willing to take on the full risk burden without the backing of other private investors and government involvement.

The conglomerate is planning to back away from the project entirely unless the UK agrees to help finance it or take a stake in the plant alongside investments from the Japanese government, according to local media reports.”

https://www.telegraph.co.uk/business/2018/05/03/uk-last-ditch-new-nuclear-crunch-talks-ageing-power-plants-falter/