UK nuclear task force proposed to fast track building power plants

British ministers want to restore the country’s success The task force of cobid vaccines-19 To supply new nuclear power plants at “distortion speed”, after Boris Johnson said he wanted atomic power to supply at least a quarter of Britain’s power generation by 2050.

The British prime minister told industry leaders on Monday that he was “insanely frustrated” by the slow pace at which Britain’s nuclear sector is developing, according to people at a meeting on Downing Street.

As part of the plan, Kwasi Quarteng, the business secretary, is pushing for the establishment of a new delivery organization to end more than a decade of stuck efforts to build a fleet of nuclear power plants. Downing Street and the Treasury have not yet officially approved the proposal, according to people familiar with the situation.

Johnson is expected to set off New targets for nuclear capacity In the forthcoming energy supply strategy, which aims to remove the need for all Russian oil and gas imports and reduce the country’s exposure to highly volatile commodity markets.

Johnson hopes to announce the strategy next week, but Rishi Sonek held it because the chancellor wanted more time to examine the cost implications. Government associates said Johnson was discussing his 2050 nuclear target in a private meeting with Sunk earlier Monday. “He did not disagree,” said one person who was briefed on the talks.

The prime minister told energy companies and investors on Monday that he wanted “distortion speed” progress to accelerate the construction plan for new plants, another person said. Britain’s nuclear power generation capacity is expected to shrink by more than half over the course of the decade to 4.45 gigawatts, with most of the older generation of miners retiring.

Nuclear currently accounts for about 16% of the country’s electricity mix. Johnson’s target of at least 25% by 2050 would hint at a significant expansion of nuclear production capacity with electricity demand expected to double by the middle of the century as part of Britain’s zero carbon net target designed to wean the economy from fossil fuels.

To date, one new nuclear plant – 3.2GW Hinkley Point C in Somerset – is under construction, despite the Labor government in 2006 editorial board Publish plans for a new generation of miners. Subsequent governments have struggled ever since convince The private sector has to bear the costs of building new factories, which often suffer from delays and cost overruns.

Industry executives have long blamed the slow progress on the “stagnation” between the Treasury and the Ministry of Business, Energy and Industry for the costs involved – Hinkley Point C is expected to cost more than £ 20 billion.

“There was recognition from the government and the industry [in today’s meeting] That the way they have done so far simply will not provide enough [capacity]Fast enough, “said one person present at the meeting.

A new agency was needed to “bring responsibility for the process” of developing new factories, said another person who attended the meeting.

Industry executives hope an organization similar to the task force of vaccines could accelerate the construction of new reactors. The proposed delivery body will also control any gamble the government takes on new nuclear power plants.

The government has already allocated Funding For the UK’s next proposed nuclear power plant – Sizwell C in Suffolk – after years of delays in trying to fund it.

Industry executives have told the government that about 16 GW of nuclear capacity will be needed 2035 To meet the UK stage target to reduce carbon emissions, which requires a 78 per cent reduction in emissions compared to 1990 levels. Up to 45GW to 50GW will be required to meet the UK’s zero ’emissions target by 2050, another senior official said.

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