With hindsight maybe we should have foreseen the announcement; that RWE Npower and E.On, would not proceed with the building of nuclear plants in the UK.
After the tragic accident at the Fukushima nuclear power plant in Japan, Germany decided to abandon nuclear power, and their electricity companies faced massive decommissioning costs. See Reuters - Nuclear shutdown costs mount in Germany.
In the UK it was recently re-confirmed by the UK government that new nuclear operators will have to cover their waste and decommissioning costs - see DECC.
Then are the concerns about the new build costs of the third generation nuclear plants. In July 2011, Damian Carrington in his Guardian environmental blog said:
"Time is money, they say, and the new nuclear power plant being built by EDF at Flamanville in France is now at least four years behind time and €2.7bn over budget. EDF blamed the delay on two fatal construction accidents and dealing with safety analyses prompted by the Fukushima disaster."
Maybe some other investors will invest in Wylfa B, but with the world and the UK seeing very low growth; according to the OECD the UK is in recession (see BBC News) - the uncertain costs, the likely project overrun and problems raising the necessary finance what realistic chance is there of that happening?
As an aside, I'm sure there is no truth in the rumours, that the Conservative led Coalition Government talked up a possible strike by delivery drivers, to boost sales of fuel to boost the GDP and tax revenue?
But let me return to the islands problems - the plans of Leanne Wood, leader of Plaid Cymru for a clean energy revolution for Wales with Ynys Môn at it's heart; which was heavily criticised by the islands Tories, may now be worth looking at seriously?
After all with the prospect of a Wylfa B if not dead in the water, its delay will mean many years of waiting, in the meantime we need to find ways of stimulating growth on the island and hopefully some meaningful jobs.
After the tragic accident at the Fukushima nuclear power plant in Japan, Germany decided to abandon nuclear power, and their electricity companies faced massive decommissioning costs. See Reuters - Nuclear shutdown costs mount in Germany.
In the UK it was recently re-confirmed by the UK government that new nuclear operators will have to cover their waste and decommissioning costs - see DECC.
Then are the concerns about the new build costs of the third generation nuclear plants. In July 2011, Damian Carrington in his Guardian environmental blog said:
"Time is money, they say, and the new nuclear power plant being built by EDF at Flamanville in France is now at least four years behind time and €2.7bn over budget. EDF blamed the delay on two fatal construction accidents and dealing with safety analyses prompted by the Fukushima disaster."
Maybe some other investors will invest in Wylfa B, but with the world and the UK seeing very low growth; according to the OECD the UK is in recession (see BBC News) - the uncertain costs, the likely project overrun and problems raising the necessary finance what realistic chance is there of that happening?
As an aside, I'm sure there is no truth in the rumours, that the Conservative led Coalition Government talked up a possible strike by delivery drivers, to boost sales of fuel to boost the GDP and tax revenue?
But let me return to the islands problems - the plans of Leanne Wood, leader of Plaid Cymru for a clean energy revolution for Wales with Ynys Môn at it's heart; which was heavily criticised by the islands Tories, may now be worth looking at seriously?
After all with the prospect of a Wylfa B if not dead in the water, its delay will mean many years of waiting, in the meantime we need to find ways of stimulating growth on the island and hopefully some meaningful jobs.