Tania Mathias – 2015 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Tania Mathias on 2015-11-17.

To ask the Secretary of State for Energy and Climate Change, whether the agreement signed with China to fund Hinckley Point C nuclear reactor includes funding from China for (a) decommissioning costs and (b) emergency clean-up costs.

Andrea Leadsom

The basis on which Chinese companies will invest in the Hinkley Point C project is set out in the strategic investor agreement agreed between EDF and CGN in October. The terms of this agreement are a matter for EDF.

Operators of new nuclear power stations are required to have a Funded Decommissioning Programme (FDP) approved by the Secretary of State before nuclear related construction can begin. The FDP sets out how a new nuclear operator will make secure financial provision for decommissioning their power station and managing and disposing of its waste without recourse to the taxpayer.

Operators of nuclear power stations are also required to put in place insurance or other financial security to meet their nuclear third party liabilities.