Hinkley Point - One Step Closer
- Date: Monday 26th October 2015
The construction of Britain’s first nuclear power plant in a generation has been brought one step closer now that Chinese investment in the multi-billion pound project is given the go-ahead. The signing of the agreement was timed to coincide with a state visit to the UK by Chinese President Xi Jinping and a series of meetings over four days between Xi and UK Prime Minister David Cameron.
According to EDF, under the agreement EDF's share in the planned two-reactor Hinkley Point C station will be 66.5% and China General Nuclear Power Corporation's (CGN) will be 33.5%.
The construction of Hinkley Point C is expected to create 25,000 full-time jobs and 1,000 apprenticeships, as well as generating £14 million of investment in education and training. The station will generate enough energy to power six million homes, while also supporting 900 direct jobs over the course of its 60-year lifespan.
Dr. Michael Cash, Operations Director at SSG, said: "This announcement brings us one step closer to the major onsite construction work finally starting. As more than 60% of the building work within this infrastructure project will be placed with UK firms, it will provide a major benefit to the South West for at least the next ten years".
SSG will be providing consultancy and training services to companies involved in this project. For more information on this please contact us on 01752 201616 or email email@example.com