Hinkley Point C Power Station: Compensation

(asked on 4th July 2017) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the risk that the UK's withdrawal from the European Atomic Energy Community would trigger compensation clauses in the investor agreement in relation to Hinkley Point C power station.


This question was answered on 12th July 2017

We remain firmly committed to bringing forward the UK’s first new nuclear power plants in a generation.

The Hinkley Point C contracts make provision for compensation in certain defined circumstances. The details of when these apply are set out in the agreements.

The consequences of the intended withdrawal from the Euratom Treaty will be closely monitored and the department is in close consultation with the industry about its impacts.

The Government will continue to support Euratom and to ensure that the UK continues to meet its international safeguards, and nuclear non-proliferation obligations and support its thriving nuclear industry.

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