Hinkley Point C Power Station: Compensation:Written question - 2729

Q
(Southampton, Test)
Asked on: 04 July 2017
Department for Business, Energy and Industrial Strategy
Hinkley Point C Power Station: Compensation
Commons
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the risk that the UK's withdrawal from the European Atomic Energy Community would trigger compensation clauses in the investor agreement in relation to Hinkley Point C power station.
A
Answered by: Richard Harrington
Answered on: 12 July 2017

We remain firmly committed to bringing forward the UK’s first new nuclear power plants in a generation.

The Hinkley Point C contracts make provision for compensation in certain defined circumstances. The details of when these apply are set out in the agreements.

The consequences of the intended withdrawal from the Euratom Treaty will be closely monitored and the department is in close consultation with the industry about its impacts.

The Government will continue to support Euratom and to ensure that the UK continues to meet its international safeguards, and nuclear non-proliferation obligations and support its thriving nuclear industry.

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