Plans for a new nuclear power plant at Hinkley Point in Somerset are expected to be approved by the Government this afternoon (19th March 2013).
More than 5,000 workers will be needed to build two new reactors at a cost of 14 billion pounds. The deal with the power company EDF still depends on agreement on the price for electricity.
EDF announces that it hopes to get consent from the government imminently over the design of its nuclear reactor for Hinkley Point C. The company director has admitted the cost of the reactor has soared in its development in France but it will not have an impact on the cost of construction here.
The Conant says it will not start until the team is ready. The company director says he has gathered a world class team, he says the project is shovel ready but he says he has to get everything in place before shareholders can approve the project.
The Energy Minister John Hayes is welcoming the news that Hinkley B will be operating for an extra seven years.
It is absolutely fantastic news for our energy security that these two nuclear power stations will continue generating vast amounts of electricity into the 2020s.
This decision will also secure hundreds of skilled jobs in both Somerset and North Ayrshire, highlighting the value of nuclear energy to our economy and society.
Recent polling conducted by EDF Energy shows that 74% of Somerset people agree that nuclear is a necessary part of the energy balance, which is significantly above the already impressive national average of 66%.
The B station employs around 535 full time staff, including 44 apprentices, as well as 220 full time staff from contract partners and the wage bill alone is an estimated £40m a year which goes into the local economy.
EDF Energy announced it had completed the necessary technical and economic evaluation that is expected to see the plant, one of the area’s largest employers, continue operating until at least 2023.
The decision has been welcomed by local authorities in Somerset as well as trade unions, as it will help to preserve the local skills and jobs associated with the existing plant until after the expected completion of the planned new nuclear power station.
This decision will bring significant benefits to the local community in terms of jobs and additional economic activity. We have committed to investing a further £300m a year in the eight-strong nuclear fleet. Our nuclear generation business provides work for more than 300 companies in the supply chain and around 90 per cent of our total £650m annual spend in the supply chain goes to British companies.
The visitor centre, located in Angel Place shopping centre in nearby Bridgwater, was officially opened today by Vincent de Rivaz.
As well as offering guided tours of Hinkley Point B, the new visitors’ centre provides classroom facilities for local school students to learn more about nuclear power.
This is great news for all of us at Hinkley Point B and for everyone in the local community.
The decision means we can continue to provide highly skilled jobs and bring major investment to the area. It also shows that EDF Energy recognises the professionalism and commitment of our staff in safely supplying low carbon electricity for more than 36 years.
It's been announced that Hinkley Point B nuclear power station in Somerset will carry on generating electricity for another seven years.
Following assessments, EDF energy has decided to extend its life until at least 2023. It says it has completed the necessary assessments.
It comes on the day the company opens a new visitor centre at the plant.