Friday, September 16, 2016

Brits approve Hinkley Point nuclear plant

Back in July the new British government of Theresa May ordered a "review" of the project.  Back then, the "review" was seen as an indefinite delay.  Well, will wonders never cease?  Today the Wall St Journal announces that the Brits have given the project a go ahead.  The work will be done by Electricite de France, with financing by China General Nuclear Power Corp.
   The Brits have imposed some restrictions on the builders selling out their shares in the plant without Her Majesty's government approval.
   The announced price of $23.8 billion is way high.  You can put up a 1 Gigawatt nuclear plant for $4 to $5 billion in this country.  

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