£20bn Sizewell C gets planning go-ahead
£20bn Sizewell C gets planning go-ahead
Abstract
The 3.2 GW twin-reactor plant is set to become one of the UK's biggest net zero infrastructure projects, supplying reliable low carbon electricity to around six million homes. The project promises to offer a seamless follow-on for the Hinkley Point C project promising big savings and efficiencies in construction as well as safeguarding up to 10,000 jobs. A spokeswoman for Laing O'Rourke said: "We could have the opportunity to use our learnings from Hinkley Point C to keep improving construction efficiency at Sizewell C and maximise the benefits of replication and a fleet approach to nuclear delivery. Christophe Junillon, Head of Power New Build at Atkins, said:"Sizewell C is well positioned to play a major part in decarbonising the UK and today's Development Consent Order decision reaffirms its potential. Negotiations with the Government on raising funds for the project are continuing and the key Financial Investment Decision is expected next year. Last month, the Government announced that Sizewell C could be eligible for funding using the so-called Regulated Asset Base scheme which will drive down the cost of the project to consumers. The government plans to take a 20% stake in Sizewell C and the French power giant EDF would also take a 20% share in the £20bn project. "Planning approval brings us closer to delivering the huge benefits of this project to Suffolk and to the UK.".