The UKâs Energy Secretary Ed Davey, is expected to announce Tuesday that the government will allow construction of the proposed Hinkley Point C nuclear power plant, the Guardian reports. The plant, to be constructed at Somerset, will provide 7 percent of the UKâs electricity needs.
The fate of the facility has remained in limbo due to ongoing negotiations between the builder firm EDF and the UK government over the âstrikeâ price, or the guaranteed price for electricity implemented in a long-term contract to offer assurance to risk-averse investors.
A local union leader said the plantâs construction will create âthousands of skilled construction jobs for the next five years, and around 800 jobs in the operation of the power station over the next 60 years,â according to the Guardian.
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