21 Oct '13, 1pm

Who is actually taking the risk on the Uk's new nuclear plants? @energydeskuk takes a look

The proposed deal to build the first new nuclear plant in a generation comes with more quirks than an Icelandic pop group. First off it will cost £16bn, £2bn more than the already over-budget French reactor on which it is based. The strike price will be £92.5, though it may be higher – or lower. All of that is odd, but the quirks, as ever are in the detail. There is a new company, NNGP as everyone’s calling it, which will own the plant. It’s that company which is then, in turn, owned by firms controlled by the French and Chinese states. Owned by France and China French state owned EDF will get a 45-50% stake, similarly French state owned Areva (which designed the reactor) will hold 10% - allowing the French to run the show. Chinese state firms CNNC and CGN will hold a combined 30-40% and a mysterious as yet un-discovered somebody will hold 15% (maybe the state of Qatar?) U...

Full article: http://www.greenpeace.org.uk/newsdesk/energy/analysis/who...

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