11.10.2017_No203 / News in Brief

UK Is Leading The Way With Clear Strategy For Nuclear, Says Westinghouse VP

Plans & Construction

11 Oct (NucNet): The UK is Europe’s most prominent leader in nuclear development because of the government’s clear strategy of supporting nuclear energy as part of its future energy mix, a senior official from US-based nuclear equipment manufacturer Westinghouse Electric Company said. Michael Kirst, Westinghouse’s vice-president of strategy for Europe, Middle East and Africa, warned, however, that choices about nuclear development must be based on technology, and not on the type of financing package. “We now have a banking contest and not a technology contest and this is not healthy for the industry or the energy system,” he said. Mr Kirst told reporters in Brussels that the UK government’s decision to support the financing of new energy projects, including nuclear, by way of a contract for difference (CfD) scheme was a breakthrough. The UK model provides a “fair foundation” where all low-carbon technologies were given exactly the same access to state support, he said. Full story for subscribers: http://bit.ly/2gcr55n

Related reports in the NucNet database (available to subscribers):

  • Westinghouse Calls For Rethink On Europe’s Treatment Of Nuclear (Insider No.17, 05 October 2017)

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NucNet

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David Dalton

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