Thursday, 9 October 2014
Somerset: Hinkley Point Nuclear Power Station, EU Approval for Funding
From Euronews
"Two reactors are planned for the site which will provide power for about 60 years and help in the current government’s drive away from fossil fuels towards low-carbon power. But the project has been highly criticised due to the government guaranteeing EDF a price per energy unit of more than twice the current wholesale cost in compensation for building the plant. Brussels stepped in saying it was against state aid rules and has insisted on some changes. However the project is still being resisted by some EU members and Austria is to challenge it in court".
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