...Yesterday, the government of the UK signed a deal with China that makes Chinese nuclear firms one-third partners, with EDF holding the other 2/3, in the project to build two new EPR reactors at Hinkley Point, at a cost estimated to be at least $25 Billion, and probably much more. Completion date is said to be 2025. In financial terms, it is the single largest project ever undertaken in the U.K. And yes, as an incentive, EDF gets to sell that electricity at about twice the going rate. And yes, the government has promised a multi-billion dollar loan guarantee too...
READ: Why October 21 will become known as International Embarrassment Day | GreenWorld
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