Chapter 991 Nuclear Power Project

“I personally support China General Nuclear Power Group’s participation in the construction of Hinkley Point C, but I hope that the government can fully promote this project. If it is still so slow, United Energy Group will not rule out withdrawing from the Hinkley Point C nuclear power project and switching to And building a nuclear power plant in Colo.”

Speaking these words to Cameron, Barron was really speechless about the complicated process of building nuclear power plants in Britain.

It can be said that as early as 2008, United Energy Group invested in the British Energy Group and held 40% of its shares. It has already begun to promote the construction of the new British nuclear power plant project with EDF.

After all, the situation faced by the British at that time was that many of their original nuclear power plants were close to expiration. However, due to the pursuit of environmental protection, thermal power generation had to be shut down in large batches. This would cause a huge shortage of power supply in the UK. New construction of Natural gas power plants will definitely be insufficient, and new nuclear power plants will need to be built.

After Brown became Prime Minister, the location of the new nuclear power plant was finally determined, which is Hinkley Point in England. There are already two nuclear power plants there, and now a new nuclear power plant - Hinkley Point C Nuclear Power Plant is about to be built.

Then, it comes to the stage where layers of approvals and hearings are required...

Initially, EDF, the major shareholder of British Energy Group, expected that the project would be completed in 2017, and by then the British people would be able to use the electricity generated by the Shangxin nuclear power plant...

It's just that they don't know anything about England's efficiency... but they don't know enough about it either.

Because just after obtaining partial approval, the Japanese Fukushima nuclear power plant leak occurred. The world paid more attention to the safety of nuclear power plants, and the British side began to be more cautious about the approval of the Hinkley Point C nuclear power plant.

Moreover, environmental protection organizations, which are indispensable in all large-scale construction projects in England or Europe, have also become active. A group of environmental organization members who "do not have to work and devote all their energy to environmental protection" began to station themselves at the Hinkley Point C nuclear power plant. At the construction site, the project team began to battle with wits...

"The construction cost of Hinkley Point C has risen from 16 billion pounds at the beginning to more than 17 billion pounds. If delays continue, it will continue to rise..."

Although it is said that the investment in Hinkley Point C will be fully borne by the British Energy Group, that is, by the two shareholders EDF and United Energy Group, as a supplement to the British power shortage, the British government cannot say that it is right. This is without subsidies - according to the agreement they reached with the British government, the British government will subsidize the electricity price, which means that after completion, the British Energy Group is allowed to sell the new nuclear power plant at a price that is almost twice the wholesale price of electricity. Electricity, above the market price, is subsidized by the British government.

Then Barron's meaning is obvious. If this delay continues, it will be equivalent to the higher the subsidies the British government needs to provide. It's up to you...

Of course, in the original time and space, the following matters were indeed no longer something Cameron needed to worry about, because he stepped down after the Brexit referendum...

It's just that Cameron naturally doesn't know these situations now, and Barron also needs him to accelerate the nuclear power project.

Sometimes Barron can't help but sigh, is there still hope for England?

If you look at the "big projects" in Britain in the original time and space, nuclear power plants, high-speed rail, airports, etc., they are completely negative jokes for global infrastructure.

In addition, since Blair, the British Prime Minister has changed frequently. You sing and I come on, and there is no continuity in policies...

There is no way. As a British man, Barron has huge influence in Britain, so he must bear a lot of responsibility for this.

To put it bluntly, no matter in these projects, whether it is high-speed rail or nuclear power, no matter what the interests are related to or what position one stands on, everyone understands that these projects are generally beneficial to Britain.

Being able to promote such a project is in itself a reflection of one's own ability - the real influence is not only because of Barron's wealth, but also because many people understand that this person's role in some things is indispensable. alternative.

"We have already discussed cooperation with China on nuclear power plants before, but we also need to see the attitude of EDF..."

Generally speaking, whether it is Brown or Cameron, the relationship between Britain and China during their terms of office can be regarded as a "honeymoon period". Therefore, after China General Nuclear Power Group expressed interest in Britain's nuclear power construction, it also I have had some contact with these.

"I'm afraid that the attitude of Electricity France has now become much more relaxed. As long as this project can be pushed forward, they can make certain concessions."

After all, EDF Group is really frightened by the various British manipulations. If this continues, the cost of the Hinkley Point C nuclear power plant alone will be higher than the market value of EDF Group...

Now that China General Nuclear Power Group, a major Eastern country, can participate in the investment in Hinkley Point C, EDF also welcomes it.

But the two sides are not without their differences. For EDF, the reason for actively participating in the construction of nuclear power plants in the UK is mainly to find a market for the nuclear power technology they own - that is to say, this time Hinkley Point C and subsequent Nuclear power plants must use the nuclear power technology owned by EDF.

But the reason why CGN wants to participate in the nuclear power plant project in the UK is... coincidentally, it is also to seek opportunities for their technology to go overseas.

Therefore, EDF now hopes that CGN will only be responsible for investment in the Hinkley Point C nuclear power plant, and then wait for dividends.

But CGN hopes that their "Hualong One" nuclear power technology with independent property rights can be used in the nuclear power plant in the UK...

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For Barron, no matter which party's technology is used, he doesn't care - after all, no matter whose technology is used, the steam turbine of the nuclear power plant will use Alstom Group.

The only thing he cares about is to promote this project as soon as possible.

Therefore, under the coordination of United Energy Group, EDF finally reached an agreement with CGN.

For the two nuclear power plants of Hinkley Point C and Sizewell C, CGN can only participate in the investment, accounting for 33.3% and 20% of the investment shares respectively.

But for the subsequent Bradwell B nuclear power plant, China General Nuclear Power Group's investment will account for 66.5%, and China's "Hualong One" technology will be used.