NIA welcomes Chancellor’s civil nuclear commitment
The Nuclear Industry Association (NIA) welcomes the Governments support for the Hinkley Point C project as a major step in securing a Final Investment Decision.
Lord John Hutton, Chairman of the Nuclear Industry Association said:
“Today’s announcement is a vital step in securing the final investment decision for the UK’s first new nuclear power station in a generation. Hinkley Point C will be the first of a series of new nuclear reactors across the UK, and investment from around the world will be vital.
“China is the world’s fastest growing nuclear nation and its expertise in new build projects will be of great value to the UK’s revitalised nuclear industry.
“The loan guarantee provides much needed security for investors and will help facilitate the construction of the station which will generate low carbon, reliable electricity for millions of homes for more than half a century.”
Additionally, the Chancellor, George Osborne has announced further progress designed to develop the UK-China civil nuclear partnership. A new, co-funded £50 million civil nuclear research facility, to be based in the UK will link together the two nations.
Lord Hutton continued:
“The collaboration outlined by the Chancellor and the jointly funded state of the art research and innovation centre will create jobs and develop skills in both China and the UK.
“The UK has unprecedented know-how across the waste management and decommissioning sector and exporting these skills into one of the most ambitious nuclear industries is another coup for UK-plc.”
