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French taxpayers to bail out failing British Nuclear project

Discussion in 'Personal' started by burajda, Mar 12, 2016.

  1. burajda

    burajda Star commenter

    EDF is 85% state owned and it is in deep crisis. the only way the company is likely to be able to fund its commitment to the 18 billion euro Hinckley point Nuclear project is witha cash injection from French tax payers. Dont worry France, Mr Cameron has already committed to charge UK consumers 3 times the going wholesale rate for electricity produced from Hinckley Point so you can get your money back in future. Thats if the project ever gets built as EDF's track record in delivering big projects is poor. Nuclear reactor construction in France and Finland and China have been delivered very late and massively over budget.
     
  2. peakster

    peakster Star commenter

    Generating electricity using nuclear power is neither efficient or safe. The whole project should never have been put together in the first place.
     
  3. jacob

    jacob Lead commenter

    Ah but Mr Cameron gets such nice holidays that he doesn't have to pay for out of his own unimaginable (to us mere mortals) wealth. And I 'm sure there will be really cushy directorships for him on the boards of companies that in no way ever benefitted from his fiddles, sorry policies. Allegedly.
     
  4. oldsomeman

    oldsomeman Star commenter

    Make a nice change for the French to actually shell out some cash.They have lived well of Britain and our companies.
     
  5. burajda

    burajda Star commenter

    They pay lots of tax to support inefficient state owned companies like EDF. The conservatives privatised our energy companies to bring in free market improved management and cost reductions. Now we have a huge energy project being funded by a state owned foreign company in partnership with a protectionist communist dictatorship. And all the profits from the over priced electricity that uk consumers will buy will go to them.
     
    wanet likes this.
  6. lanokia

    lanokia Star commenter

    And all because Ideology has persuaded them renewables are a dirty word.

    So massive subsidies for nuclear [which produces waste that lasts generations] while cutting subsidies to renewables after pressure from fossil fuels lobbyists...
     

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