Hinkley Point – ‘it’s now time to deliver’
15 September 2016
Tony Ward, Head of Power & Utilities at EY, comments:
“Today’s announcement by Greg Clark is a hugely welcome validation of the work that previous Governments, developers and the UK’s wider supply chain and workforce have put in to ensure the robustness and deliverability of the proposals for new nuclear build.
“Big, tough decisions that benefit future generations and balance multiple needs are, and should be, hard to make – but that is precisely the role of Government. It is absolutely right and proper that the Government has taken a final opportunity to validate the deal arrangements, security and governance structures. After ten years of preparation and deliberation, it is now time to deliver.
“While technologies such as solar, wind and batteries will also be hugely important in delivering the UK’s future energy mix, new nuclear, starting with Hinkley Point, has a crucial role to play in displacing our reliance on fossil fuels. We are moving to a more balanced and diverse mix of zero-carbon power generation – a mix that will be capable of delivering reliable and robust baseload power.
“Hinkley Point is a transformational infrastructure investment that will bring long-term employment for a highly-skilled workforce, stimulus for the UK’s industrial supply chain and positive social and economic benefits for the South West region.”