Christina Rees
Main Page: Christina Rees (Labour (Co-op) - Neath)Department Debates - View all Christina Rees's debates with the Cabinet Office
(6 years, 5 months ago)
Commons ChamberI am glad the hon. Gentleman mentions the Wylfa project, because it is a great demonstration of the Government being prepared to look at the financial model and adjust it in order to make projects happen. It will be the biggest infrastructure project in Wales for well over 30 years, and it provides fantastic prospects. I hope that tidal and marine energy could offer the same, but we should want a scheme only if it is good value for money.
When the people of Wales and the Welsh Labour Government can see the merit of the Swansea Bay tidal lagoon to the extent that they are prepared to invest more than £200 million to achieve the benefits in jobs, growth and cheap, clean renewable power, why will the Secretary of State’s UK Tory Government not even go as far as to sign the same deal they have already concluded with the French and Chinese Government to pay £92.50 per megawatt-hour for nuclear electricity that will be produced at Hinkley C for the next 35 years?
The hon. Lady raises an important point, because she talks about projects that are value for money. Of course £92.50 was rightly highlighted as extremely expensive at the time, and we said that that would be the highest we would pay for such energy projects. We have already said that the tidal lagoon, under the current proposals, would be twice the price of nuclear, so clearly we would not want to be in that position. I should add that I really want this project to happen if it is good value for money for the taxpayer, and my record is strong. I was the one who took Tidal Lagoon Power to meet the special advisers at No. 10 at the very beginning of this process in 2012, and it was from that moment on that the project was taken seriously.
The whole of Wales is waiting for this decision, because the tidal lagoon project is not just about Swansea. If the Secretary of State’s UK Tory Government accept Carwyn Jones’s kind offer, tidal lagoons for Cardiff, Colwyn Bay and Newport will quickly become real prospects. They could bring jobs and prosperity to the whole of Wales and boost our vital steel industry. This is about the development of technological innovation and bringing it to the point of full commercial productivity. That is what we do in Wales, in stark contrast to the way the Government have proceeded. Were the Government to participate in a general election in the next few months, what exactly would the Secretary of State be able to claim as the industrial or infrastructure achievement that they have delivered for the people of Wales?
I sometimes wonder whether the hon. Lady’s questions are more in the manner of an academic thesis. I trust that they will be published, because they are in Hansard.