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» EU will recommend approval of ambitions Britain’ nuclear plant construction plan

The EU will recommend approval of Britain’s ambitious plan to build its first nuclear plant in a generation, with backing from French and Chinese energy giants, after ruling that it met state aid rules, a spokesman said.

The Hinkley Point project, to be built by France’s EDF for $26 billion, is one of the world’s most ambitious nuclear deals and is seen as a key boost to an industry brought to its knees by the 2011 Fukushima disaster.

The European Commission launched the probe in late 2013, delving closely into the project’s elaborate price guarantee system that critics claim will prove hugely expensive to British consumers for decades to come.

Environmentalists also see Hinkley Point as an unnecessary bow to nuclear energy just when the use of renewables, such as wind and solar power, is beginning to take hold.
<Media Report>
U.K. likely to win EU approval for first nuclear plant in a generation (Japan Times)




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