EDF have announced the latest delay to the opening of Hinkley Point
Anyone hear Lord (John) Hutton on The Today programme today? His Lordship is an articulate advocate for nuclear and was attempting to defend the latest delay announcement from EDF about when Hinkley Point will start generating. EDF (and the PM ) promised that this generator would be online by 2017; fat chance say EDF this morning.
We are fairly blasé about the delays; any major infrastructure project with government involvement invariably takes twice as long and costs twice as much as envisaged. EDF’s nuke in Flamanville, France, on which Hinkley Point is modelled, will come in six years late and will cost €10.5 billions instead of €3.5 bns as originally estimated. What we don’t like is former government ministers going onto the airwaves and boasting that there is no public subsidy in the building of these nuclear stations. Utter guff. Our government is offering hugely expensive price guarantees for decades ahead for Hinkley Point, and state guarantees for anything are a subsidy by any other name. For Hutton to further claim that there will be no cost to the consumer is the sort of whopping fib that would make Chris Huhne blush.
You can read about EDF’s latest travails here.