Nuclear Energy (Financing) Bill Debate

Full Debate: Read Full Debate
Department: Department for Business, Energy and Industrial Strategy

Richard Fuller

Main Page: Richard Fuller (Conservative - North Bedfordshire)

Department Debates - View all Richard Fuller's debates with the Department for Business, Energy and Industrial Strategy


Committee on Standards

Nuclear Energy (Financing) Bill

Richard Fuller Excerpts

Business without Debate
2nd reading
Wednesday 3rd November 2021

(3 years, 1 month ago)

Commons Chamber
Share Debate
Read Full debate Nuclear Energy (Financing) Act 2022 View all Nuclear Energy (Financing) Act 2022 Debates Read Hansard Text Read Debate Ministerial Extracts
Greg Hands Portrait Greg Hands
- Hansard -
- - Excerpts

I will make a little more progress.

RAB is a tried and tested method that has successfully financed other large UK infrastructure projects. The introduction of a special administration regime will prioritise the plant’s opening and continuing to operate in the unlikely event of a project company’s insolvency. That will protect consumers’ investment in the plant and ensure that they realise the plant’s benefit. Members should know that this legislation is not specific to one project, as I have already said, and could be applied to nuclear projects across Great Britain.

Return to start of debate - Return to top of page