The recent announcement by the European Commission, on the 8th of October 2014, approving UK plans to invest £34 billion in a new nuclear power plant at Hinkley Point C confirms nuclear energy as part of the UK’s future energy mix.

Scheduled to start operations in 2023 and with an estimated lifetime of 60 years, it will require £17 billion of debt financing and have an eventual capital estimated at £34 billion. In total it will produce 3.3 GW of electricity and will be able to supply 7% of Britain’s electricity.

Prospect Law and Prospect Energy advise on nuclear power programmes at an international level and provide legal services and planning advice for the nuclear industry.

Legal Update, October 2014 – Hinkley Point Nuclear Power Plant

  1. Nuclear

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