Author Archive for New Power

Is it Brexit for Hinkley Point C?

This blog was written for Nuclear Engineering International in early July. I thought delays would come from the French side …   The UK has voted to leave the European Union. Where does that leave the country’s flagship nuclear new-build…

Drax winds down coal plant spend

Drax saw pre-tax profit fall by £50 million in the six months to 30 June, compared to 2015. The removal of Levy Exemption Certificates and deteriorating commodity markets were to blame, the company said. The effect had been mitigated by…

Hinkley Point C decision ‘next week’

EDF has called its board members to a meeting on 28 July to take a final investment decision on Hinkley Point C. The meeting follows a 4 July meeting with EDF’s works council, after which EDF said it reconfirmed its…

SSE sells street lighting PFIs

SSE has sold its interest in three public financing initiative (PFI) street lighting entities to a DIF Infrastructure fund. The sale is expected to make £130 million and will conclude SSE’s two-year £1.1 billion programme to reduce debt and raise…