Huw Irranca-Davies
Main Page: Huw Irranca-Davies (Labour - Ogmore)Westminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
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I think I understand my hon. Friend’s comment. I should have said earlier that we are not unique in using tidal power. This technology has, in various forms, been tried and tested in other parts of the world, so there are not significant doubts about its workability. We should look elsewhere to ensure that the lessons learned from projects in other parts of the world are applied here.
I will. The chances of us finishing at 3.50 pm are getting slimmer by the moment, but we will do our best.
I congratulate the hon. Gentleman on securing this debate and on his opening remarks. This project is as significant as the previous investment in the offshore wind industry in the east of England, which included £60 million of pump-priming for port infrastructure and so on. This project is as significant, not only because it will have an immense impact on the region, but because it will make us a global leader. The hon. Gentleman is right that there are those looking to take it elsewhere if we do not get on with it.
I will devote a section of my speech to concerns about the cost, which are raised in the media. I want to address those points, because at the moment we are looking at added value or some of the other elements that move this project from being simply a good idea to being an irresistible one. However, I will hopefully deal with the hon. Gentleman’s point properly in a moment.
Before I took those interventions, I was talking about the uncertainty about Hinkley Point. Until literally the last few days it was seen as the saving grace of UK energy production, but suddenly we discover that we are back in the land of the unknown. An important message for the Government is that an energy void needs to be filled, about which we know very little. I do not want to sound too melodramatic, but there will be a lights-off moment in about a decade’s time unless the Government—I would say this to any Government—take it seriously. They must act with haste, as my hon. Friend the Member for Gloucester (Richard Graham) said, to ensure that no uncertainty creeps into the proposals.
It is also reasonable to say that everyone who supports the proposal understands that it is not a silver bullet. Our energy demands will be met by a range of different options, of which this happens to be one, but it is an important one. Tidal lagoons can provide—there is no doubt about the statistical back-up for this—8% to 10% of the UK’s total requirements. That is an extraordinarily tempting prospect. To quote, or possibly misquote, the Secretary of State for Energy and Climate Change, it is home-grown, reliable, affordable, sustainable and clean, and I am not aware of any other current proposed energy projects that can boast such descriptions.
The second thing that I want to cover is the added value, which has not been discussed in great detail in this House or in the wider media. It is important to point out that the Swansea bay tidal lagoon will employ nearly 2,000 people at its peak construction period. The programme over the whole of Wales—including Cardiff, Newport and Colwyn Bay—if it goes ahead, will consist of a £20 billion investment, which will need an average of 12,000 jobs for 12 years and result in more than 2,000 full-time positions. That does not even begin to touch on some of the supply chain, tourism and leisure benefits associated with the proposal.
The hon. Lady is correct. My argument is still that that strike price, as a unit price, is very attractive, particularly when we consider the economies of scale that would come from the construction of further tidal lagoons. We will see a downward trend in that strike price, which is a very convincing economic argument.
Two Members rose at the same time. I will, in a very biased way, give way to my hon. Friend.
I understand that the Government want to get the financial details right and the best value for money for the taxpayer and bill payer, but on the basis of such unanimous cross-party support throughout Wales—at Assembly, ministerial and MP level, as well as right across society; there are no dissenting voices—should it not be the case that at the end of the consultation we have the deal on the table and we go ahead?
I agree entirely with my hon. Friend and also with the hon. Member for Gower. There is a cross-party consensus and what seems to be a rare outbreak of unanimity. Let us take that opportunity to move forward.