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    Chinese energy price will be too high !

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    papa_umau
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    Chinese energy price will be too high !

    Post by papa_umau on Sat 26 Oct 2013, 12:54 pm

    "Chinese energy price will be 'too high' for UK consumer".

    The Chancellor George Osborne is expected to sign a deal this week, allowing a state-owned Chinese company to build nuclear power stations, ( plural ),in the UK.

    As well as the potential to build, the anticipated deal could see the Chinese General Nuclear Power Group invited to become a co-investor in the Hinkley Point reactor in Somerset.

    Nick Butler, visiting Professor at King's College London and writer of the energy blog for the Financial Times, described the deal as "pretty much completed now", but he said the price of energy will be set as part of the deal and will be "too high for the UK consumer".

    Read more on this from The BBC HERE




    Was it not George Osborne that promised that the next traunch of new nuclear power plants to be built would deliver "better value for Britain's consumers and lower energy bills !"

    Well, I never believed that and I am sure that many of you did not either.

    Or did you ?


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    Angie baby
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    Re: Chinese energy price will be too high !

    Post by Angie baby on Sat 26 Oct 2013, 1:42 pm

    I don't think that many aware people in Britain will be surprised at that Papa.
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    papa_umau
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    Re: Chinese energy price will be too high !

    Post by papa_umau on Sun 27 Oct 2013, 11:30 am

    No, but they should !

    If the Tory coalition manage to get all of the eleven new nuclear power-stations built, ( that were on Tony Blair's list ), by the Chinese/French consortium we are going to finish up owing the Chinese government a great lot of money.

    In fact, I can actually work it out roughly:

    11 power-stations built at an average cost of 16 billion each means that we are going to be in hock for 176 billion.

    That is a lot of money to be in long term hock to a Chinese Communist regime.

    In fact the idea of it sends shivers down my spine.



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