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Well, the price for HPC is very expensive. The stupid thing is that by structuring the subsidy in a smarter way the UK could have gotten it at half the price. I
by jabl 5y ago
Well, the price for HPC is very expensive. The stupid thing is that by structuring the subsidy in a smarter way the UK could have gotten it at half the price. I've seen no reason why they did it how they did except adherence to some ideological dogma. Or putting my conspiracy glasses on, maybe some politically well-connected bankers in London made off like robbers at the expense of the public at large.
- Ekaros 5y agoTVO in Finland managed to get similar plant for final price of 5,7 milliard euros. Though it is not yet producing energy. So, UK did somewhat worse in the process.
- Gwypaas 5y agoYep, by forcing Areva, the supplier of it, into bankruptcy by having the foresight of signing a fixed price deal. https://en.wikipedia.org/wiki/Areva#Restructuring https://en.wikipedia.org/wiki/Areva#Restructuring