Hitachi warns over EDF nuclear talks
Source: Telegraph
Britain's hopes of a new generation of nuclear power plants face fresh doubts after Hitachi suggested its £20bn reactor investment plans could be affected if knife-edge negotiations over a rival project collapse.
The Government is in talks with French power giant EDF over building Britain’s first nuclear plant in a generation at Hinkley Point in Somerset.
But a deadlock over the level of subsidies for the project could see the negotiations collapse within weeks.
EDF has warned its staff the talks are at a “critical stage” and “very challenging”, it emerged on Wednesday.
At the same time, Hitachi warned its own nuclear power plans in the UK could be affected by the outcome of the EDF deal, suggesting its confidence in Government policy will be undermined if ministers and the French cannot agree.
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Read more: http://www.telegraph.co.uk/finance/newsbysector/energy/9914141/Hitachi-warns-over-EDF-nuclear-talks.html
You have to wonder what level of corruption is required for these boondoggles to get approved.