UK residents near EDF nuclear plant to receive GBP128 million

July 17
8:28 AM 2013

Today, the Department of Energy and Climate Change of UK announced that communities adjacent to Electricite de France SA's new nuclear power station would receive up to GBP128 million equivalent to US$198 million. The new power station of EDF would be located in England and Wales.

The residents near the eight planned projects would be rewarded for hosting the projects under the state's plans.The communities would get benefits worth up to GBP1,000 for every megawatt of capacity every year for forty years.

The plan of EDF to construct Areva SA  reactors totalling 3,260 megawatts was considered as the most advanced of all the projects. It would be located at Hinkley Point in Somerset.

"It is absolutely essential that we recognize the contributions of those communities that host major new energy projects," Energy Minister Michael Fallon said through an emailed statement. "This package is in the interests of local people."

The country tried to spur the GBP110 billion worth of investment. It said that UK needed a new power plant and grid improvements. It wanted to keep the lights on and achieve its carbon emission goals.

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