Nuclear Energy (Financing) Bill Debate

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Department: Department for Business, Energy and Industrial Strategy

Richard Fuller

Main Page: Richard Fuller (Conservative - North East Bedfordshire)

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Committee on Standards

Nuclear Energy (Financing) Bill

Richard Fuller Excerpts

Business without Debate
2nd reading
Wednesday 3rd November 2021

(2 years, 5 months ago)

Commons Chamber
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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.

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