Abstract

The lecture will consider the reasons why the new nuclear power stations must have a role in meeting the country’s future electricity needs and making the transition to a low carbon economy. EDF Energy is now building a new nuclear power station at Hinkley Point C in Somerset, and is developing plans for new reactors at Sizewell in Suffolk and Bradwell in Essex, working in partnership with CGN of China. This lecture will cover the development and set up phase for mega-projects such as Hinkley Point C. This will include the factors to be considered when selecting sites for new nuclear power stations; the planning, consenting and licensing processes; financing; organisational design and contractual frameworks. Ensuring that future projects remain competitive with credible alternatives will mean that costs for the next new nuclear projects must be driven down, and this talk will examine how this can best be achieved in the UK.