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turgid [soylentnews.org] writes:

The Guardian [theguardian.com] today has two [theguardian.com] stories [theguardian.com] reporting that French company EDF Energy has had the funding for the Hinkley Point C nuclear powerstation approved by the EU.

Hinkley Point C will be subsidised by the UK tax payer and EDF has been guaranteed £92.50 per megawatt hour over 35 years for the electricity generated by the plant. However, if the price of electricity becomes high enough in the future, any return on the initial investment above the initially-agreed return will be paid back to the tax payer.

According to the EDF website [edfenergy.com], Hinkley C will have two EPRs producing a total of 3.2GW of power. It should be noted, though, that the design has been modified (improved automatic reactor protection systems) to meet the UK's strict nuclear safety standards.

World Nuclear News also carries the story [world-nuclear-news.org].

Hinkley Point C wlll be the UK's first new nuclear power station in nearly 20 years, since Sizewell B [edfenergy.com].

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