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Construction of Sizewell C would boost region’s economy by ‘£1bn over a decade’

PUBLISHED: 08:19 29 July 2016 | UPDATED: 08:19 29 July 2016

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Archant

Construction of Sizewell C – now a step closer following agreement yesterday for the financial investment for Hinkley Point C – would boost Suffolk’s economy by £1bn over a decade, it was claimed last night.

According to business leaders, the massive project on the county’s coast would bring a huge boost, not just in the 25,000 jobs it would create while being built, but in the knock-on impact for the supply chain involving business across the region.

After years of delay, an EDF board meeting in Paris last night voted by 10-7 to give the go ahead for the £18billion Hinkley Point power station (HPC) which will signal stage two of the consultation for the near nuclear twin reactor power station at Sizewell.

A company statement said: “The HPC Project is a major element of the Group’s CAP 2030 strategy. The two EPR reactors at Hinkley Point will strengthen EDF’s presence in Britain, a country where its subsidiary EDF Energy already operates 15 nuclear reactors and is the largest electricity supplier by volume.”

An EDF spokesman said the conditions had been met to allow it to sign the contracts with the Government, its historic partner China General Nuclear Power Generation and the main suppliers of the project. The signing of the contracts is the next stage to the start of work on HPC.

Business and energy secretary Greg Clark said: “The UK needs a reliable and secure energy supply and the Government believes that nuclear energy is an important part of the mix. The Government will now consider carefully all the component parts of this project and make its decision in the early autumn.”

Mr Clark will now take time to study the details of the board’s approval. No signings will be held today and there are no plans for Mr Clark to visit Hinkley.

John Dugmore, chief executive of Suffolk Chamber of Commerce, said the Hinkley go-ahead was “significant and positive news” for what might happen at Sizewell as 80pc of work packages related to building and running a power station were non-nuclear, offering plenty of opportunities for SMEs in Suffolk and for regional businesses.

“The building of a new nuclear power station would boost our economy both during construction and once it is up and running.”

“We have been working closely with EDF Energy through our local supply chain website to ensure that as many local businesses have a chance to pick up contracts as possible should Sizewell C get the go-ahead.”

Suffolk Coastal MP Therese Coffey said: “This is great news for energy security in Britain and great news for Sizewell C here in Suffolk.”

“EDF can now work towards the stage two consultation process to ensure any concerns residents and others have are taken into account before the construction phase goes ahead. Sizewell C will provide skilled, high paid jobs in our local area and we must continue the work to take advantage of the opportunities that this historic project will provide.”

Simon Gray, chief executive of the East of England Energy Group, welcomed the Hinkley Point approval, saying: “This really is very good news for the nation and the regional economy.

“Nuclear power is vital to a mixed energy economy – helping to plug the hole as coal-fired production drops to zero by 2025. Wind and solar power are not guaranteed all the time but nuclear is, and the UK arguably has the most rigorous safety regimes.”

Peter Aldous, MP for Waveney, said: “Nuclear power along with renewables will keep the lights on and move the UK towards a low-carbon future. East Anglia has a key role to play and this decision will hopefully bring forward the start of construction of Sizewell C where it is important to ensure that the full economic benefits are secured for local people and communities.”

3 comments

  • locallad; where have you been? the 80's government killed off UK industry and deskilled the country in favour of the money markets = remember 1986 & BIG BANG? if you want to find out when the country was given away that was the beginning. No amount of shouting about 'taking back control' can change the fact that the UK cannot build these - the CBI claim we can offer no more than circa 25% input which will be mainly dirt shifting.

    Report this comment

    Rob44

    Monday, August 1, 2016

  • Scrap HS2 and use the money to build two new reactors of our own design and owned by this country. Why are contracts in the national interest farmed out to foreign companies?

    Report this comment

    locallad

    Friday, July 29, 2016

  • Not going to happen. May is not going to allow the Chinese and the French to come to the UK and build the biggest and most expensive object ever created by man using unproven and untested technology and then ask the British people to pay twice the average cost per KWH for a generation in order to create 7% of the UK electrical output. Put that way, would you? The government is already pulling back on the project. As expensive as wind, solar and tidal electricity is, it's still safer and cheaper than this over-inflated white elephant.

    Report this comment

    ATaylor

    Friday, July 29, 2016

The views expressed in the above comments do not necessarily reflect the views of this site

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