Nuclear Power Stations: Construction

Department for Energy and Climate Change written question – answered on 3rd November 2015.

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Photo of Lord Stoddart of Swindon Lord Stoddart of Swindon Independent Labour

To ask Her Majesty’s Government what is their assessment of the construction of four commercial nuclear power reactors for the United Arab Emirates by a South Korean consortium with a total capacity of 5.6 GWe at cost of £14 billion, in the light of their plans for nuclear generation at Hinkley Point.

Photo of Lord Bourne of Aberystwyth Lord Bourne of Aberystwyth The Parliamentary Under-Secretary of State for Energy and Climate Change, Lord in Waiting (HM Household) (Whip), The Parliamentary Under-Secretary of State for Wales

The Government does not make direct comparisons between projects in different circumstances that have different contracts and are situated in different markets.

There has been a thorough review of the costs of the Hinkley Point C project to ensure that the contract represents value for money. Hinkley will provide reliable low carbon energy for around 60 years and offer 25,000 jobs during construction. My rt. hon Friend the Secretary of State expects to be in a position to take her final decision on the Contract for Difference and associated agreements for Hinkley Point C once the documentation relating to equity investment into the project is finalised.

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