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Press Releases Sustainable Business

IoD backs new nuclear, but government right to scrutinise Hinkley deal

29 Jul 2016
Smoking chimneys of a nuclear power plant
Responding to the announcement from the Secretary of State for Business, Energy and Industrial Strategy that a decision will not be made until the autumn on whether to proceed with the construction of a new nuclear power plant at Hinkley Point, Simon Walker, Director General of the Institute of Directors, said:

“Considering the vast scale of this project, and the high price asked for the power generated, it is not unreasonable for Greg Clark to pause before making his decision. The IoD is a firm supporter of building new nuclear plants to generate reliable, low-carbon energy, but the Government is right to scrutinise the value of such long-term investments carefully. Our members would like to see nuclear as a big part of the energy mix in future, but they also need the government to focus on the cost of energy bills.” 

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