Hinkley Point C

And here a blog post on Nuclear power mainly Hinkley Point C.   Britains first Nuclear power in decade or more with the decision being delayed.   First look Hinkley Point C appears to be good use of money.  Helps provide United Kingdom with much needed electricity at the same time providing investment.  Looking closer you see plan appears to be betting on loser.  Company behind the project EDF however is in rather poor financial state.   Nuclear power is rather risky investment due development costs, waste, production costs.  Prices go up and down all the time on power supply.   EDF along with chinese investors have asked for price safeguards.   Often public sector has to provide various protections for private companies to invest in nuclear power.   We been told that the project is super important but the decision has been delayed for years now.

Based on the information I seen appears one hell of a bad deal.  Taken out by company who is desperate for new cash cow.   Appears like one bad deal for public sector and general public. Sounds cool devil is in the detail and strikes me as concerning.  Highly unlikely the project going to be completed on time been told needs to be built now.  Building one giant project does not mean the Government has an sort of industrial Strategy.  Problem facing general public is serious lack of information.  Details of the deal are unknown with information not made public.  Appears new Prime minister wants to review the project don’t blame her the deal is massive.  Against the whole project unless it is the best option on the table.

Being honest don’t know enough to make a judgement on it.