Welcome Sizewell C Community Forum
Stephen Walls, Head of Sizewell C Project 21 November 2013
2 Sizewell C Community Forum | 21st November 2013 | NOT PROTECTIVELY MARKED Agenda
• Nuclear New Build Update • Sizewell C – Post Stage 1 Activity • Sizewell C – Transport and Accommodation Update • What Next?
3 Sizewell C Community Forum | 21st November 2013 | NOT PROTECTIVELY MARKED NNB Update – HPC Agreement and Next Steps
Conditional Commercial Close October 2013
• Agreement on Commercial terms for HPC
• Confirmation of ongoing support of UK
• Letters of intent with partners
• Agreements in principle with top 4 suppliers
4 Sizewell C Community Forum | 21st November 2013 | NOT PROTECTIVELY MARKED NNB Update – HPC Agreement and Next Steps
Conditional Conditional Commercial Close Financial Close October 2013
• Agreement on • Binding agreements Commercial terms on investment terms for HPC with CGN, CNNC and Areva, and possible • Confirmation of other partners ongoing support of UK • Binding agreement with • Letters of intent with Infrastructure UK on partners terms for a guarantee of the project’s debt • Agreements in principle financing with top 4 suppliers • CfD and Funded Decommissioning Programme full contracts
4 Sizewell C Community Forum | 21st November 2013 | NOT PROTECTIVELY MARKED NNB Update – HPC Agreement and Next Steps
Conditional Conditional Unconditional Commercial Close Financial Close Final Investment Decision October 2013
• Agreement on • Binding agreements • Receipt of full State Commercial terms on investment terms Aid clearance from the for HPC with CGN, CNNC and European Commission Areva, and possible • Confirmation of other partners • Agreement of full debt ongoing support of UK and equity contracts • Binding agreement with • Letters of intent with Infrastructure UK on partners terms for a guarantee of the project’s debt • Agreements in principle financing with top 4 suppliers • CfD and Funded Decommissioning Programme full contracts
4 Sizewell C Community Forum | 21st November 2013 | NOT PROTECTIVELY MARKED HPC Agreement – What it means for Sizewell A kick start for the UK’s new nuclear programme
Lower costs for Project Strike Price successive power stations – a HPC £92.50/MWh ‘series benefit’ HPC* £89.50/MWh SZC TBC *HPC Strike price if Sizewell C is also built
“This … marks the next generation of nuclear power in Britain, which has an important part to play in contributing to our future energy needs and our longer term security of supply.”
David Cameron, Prime Minister
5 Sizewell C Community Forum | 21st November 2013 | NOT PROTECTIVELY MARKED Overview of EDF partners on HPC project
Partner of EDF for the past Partner of EDF for the Signifi cant EPR design 30 years through past 30 years and construction experience co-investment with on the with EDF through Leading Chinese nuclear Taishan EPR and the Daya involvement in FLA3 operator and developer, Bay nuclear power station and Taishan 100% owned by the Major nuclear corporation, Government of the People’s Key supplier of EDF. 100% owned by the Republic of China 83% owned by French Government of the People’s government Republic of China
57% of the project’s construction value could be spent in the UK, building skills and expertise which will help the country win a greater share of nuclear programmes nationally and globally
6 Sizewell C Community Forum | 21st November 2013 | NOT PROTECTIVELY MARKED NNB – What Next?
Sizewell C Hinkley Point C
Statement of Stage 1 Further Application Decision by Construction Operation Community Consultation Consultation/s Submission Secretary of Consultation with local people to the State for Planning Energy and Inspectorate Climate Change
7 Sizewell C Community Forum | 21st November 2013 | NOT PROTECTIVELY MARKED Sizewell C Post-Stage 1 Act