UK’s energy policy in a shambles as govt seeks China funding for new nuclear reactors

nuclear-news

exclamation-Smflag-UKNuclear adviser attacks ‘perverse’ idea of Chinese building UK reactors Prof Dieter Helm also identifies security pitfalls as unions accuse government of sacrificing safety for free-market ideology over Hinkley Point C plant, Guardian,  Terry Macalister, 19 June 15, A leading energy academic and government adviser has called on ministers to take an equity stake in the planned new Hinkley Point C nuclear plant in Somerset, saying it would not make sense to prefer Chinese money.

The comments from Dieter Helm, professor of energy policy at Oxford University, came as trade union leaders accused the government of letting political beliefs override practical and safety issues in the nuclear sector. In a paper entitled British Energy policy – What Happens Next? , Helm said the British government should issue debt or specific nuclear guaranteed bonds, that could cut the cost of capital from 10% to 2%.

“It is a no-brainer,” said…

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