Wednesday, October 8, 2014

E.U. Approves Plan for New Nuclear Power Station in Britain


LONDON — The European authorities on Wednesday approved construction of Britain’s first nuclear power station since the mid-1990s, in a ruling that could clear the way for other European countries to plan nuclear plants as part of their energy future.

The decision, by the European Union’s competition regulator, removes one of the final obstacles for the plant, at Hinkley Point in southwest England, which would produce about 7 percent of Britain’s current power supply but would not start operating before 2023.

Although the British government had already approved the power station, Brussels needed to sign off to make sure the financing plan did not constitute unfair state aid.

The plant would be built by EDF Energy, the British subsidiary of the French state-controlled utility, which already operates nearly all the nuclear power plants in Britain. EDF said the plants would cost 16 billion pounds, or $25.7 billion, at 2012 prices.
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