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Why UK delays Hinkley nuclear power plant   [Copy link] 中文

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Post time 2016-8-2 16:01:08 |Display all floors

British Prime Minister Theresa May unexpectedly intervened to delay the French and Chinese-backed Hinkley Point nuclear project so she could further consider the deal, a government source said. Mrs May's official spokesman sought to ease tensions on Monday, insisting that the UK would "continue to seek a strong relationship with China". Why does UK government delay decision on China-funded nuclear power plant? Any suspicions?

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Post time 2016-8-2 21:59:41 |Display all floors
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Post time 2016-8-3 09:49:47 |Display all floors
Safety first

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Post time 2016-8-4 09:29:02 |Display all floors
Because the electricity produced by the new power station is likely to be twice the price of existing supplies.
Because it was a different group of people in government who were enthusiastic about building the new power plant. The new British government have not had the opportunity to air their views or to evaluate the pros and cons of the deal.

There appear to be a number of stumbling blocks - the electricity is likely to have a production cost of double existing supplies in the UK. The involvement of a non allied power is seen as a security risk. The French company haven't got the money necessary to cover their commitments and they will have to borrow the money.

My concern is why the UK cannot build their own power plant to the full benefit of building, manufacturing, investors and consumers.
(mostly harmless)

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Post time 2016-8-4 09:53:18 |Display all floors
This post was edited by sfphoto at 2016-8-4 09:53

This is quite normal in Western countries: a new administration always review old agreements. Chinese officials don't really understand how Western governments operate: any deal is conditional and is subject to the vagaries of politics unlike in China. Western corporations actually find China’s system to be much more conducive to long-term investments because Chinese policies tend to plan for the long-term which shields foreign investors from the vicissitudes of politics.

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Post time 2016-8-4 10:12:26 |Display all floors
Can't trust China in any economic deals.  

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Post time 2016-8-4 10:21:44 |Display all floors
For sure the rosbeef dont want to see again the same mess with the french / china deal Daya 1 and 2 nuclear plant...what a crook deal it was!

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