Energy Security Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Darren Jones
Main Page: Darren Jones (Labour - Bristol North West)Department Debates - View all Darren Jones's debates with the Department for Business, Energy and Industrial Strategy
Energy Security
Darren Jones Excerpts(1 year, 11 months ago)
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Darren Jones (Bristol North West) (Lab)
I welcome the Secretary of State to his role. May I push him slightly further on the financing of Sizewell C? My understanding is that the Government are committed to spending 20% of the cost, and EDF 20% of the cost. That leaves 60% to be financed from the private sector, which I think means that up to £20 billion of financing still needs to be sourced. What will the Government do if they cannot find that from the private sector?
Grant Shapps
I thank the hon. Member for welcoming me to the Dispatch Box. As he will know as Chair of the Select Committee, we have been working on the Sizewell deal for quite some time and we got to the Government investment decision stage yesterday. Of course, we have been talking to potential financiers along with EDF and the French Government. We are confident about the level of interest, but I have no doubt that I will come to his Select Committee, along with my right hon. Friend the Minister for Climate, to discuss that in more detail soon.