Press Release
NIA Responds to Centrica decision
4 February 2013
Following today's announcement that Centrica has decided not to participate in the UK's nuclear new build programme, Chief Executive of the Nuclear Industry Association (NIA) Keith Parker said:
“This is disappointing news, but does not detract from the UK's position as one of the best places to invest in nuclear worldwide - as we saw with the recent purchase of Horizon Nuclear Power by Hitachi, the UK industry is an extremely attractive prospect to investors.
EDF Energy is committed to the Hinkley C project which is a 'shovel-ready' infrastructure project equivalent in size to the London 2012 Olympics. We have seen great progress over recent months – including the successful granting of the site license and GDA clearance. Negotiations of the strike price and Contract for Difference arrangements are continuing and a decision is expected in March on the planning permission for Hinkley Point C.
Through high skilled job creation and innovation, nuclear new build will be a major engine for growth in the UK economy. A nuclear new build programme could boost UK GDP by £5.1 billion a year over the next 15 years and the Hinkley project alone has the potential to create 25,000 jobs. The benefits for the UK supply chain gaining work both at home and abroad are hugely significant.”
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