Skip to main content

GOODBYE SEVERN BARRAGE, HELLO WYLFA B

It would seem that Chris Huhne is about to announce that Anglesey is to be the site of a new nuclear power station, creating around 5,000 construction jobs with a further 1,000 people employed in the operation of the station.

According to the Telegraph last night

"The list of areas earmarked for power stations to be built by 2025, according to sources close to the Department for Energy and Climate Change (DECC) is: Bradwell in Essex, Hartlepool in County Durham, Heysham 2 in Lancashire, Hinkley Point in Somerset, Oldbury in South Gloucestershire, Sellafield in Cumbria, Sizewell C in Suffolk and Wylfa Head on Anglesey".

As I have said before, this could mean that there is a great opportunity for Wales to become a real centre of expertise in this sector, and it is now up to the Welsh Assembly Government to ensure that European Structural Funding can be used effectively to help build up value added projects for the new power station. For example, helping to create an energy technology park around the new development and ensuring that the skilled workforce needed for the power station and its construction are sourced locally are just two simple examples on how the project could benefit the Anglesey economy.

I fully expect WAG to announce a detailed strategy for supporting the Wylfa B development and how it will benefit the local economy over the next few months.

Whilst Anglesey will be celebrating, some in South Wales will be in a very different mood, if the Independent is to be believed.

According to a report out today, "Chris Huhne, the Secretary of State for Energy, will tomorrow jettison the world's largest tidal energy project, rather than make the taxpayer foot an estimated bill of £10bn to £30bn for the untested technology".

I am sure there will be those who will be outraged at this decision but, as the Independent comment section states, "a realistic, economically hard-headed green strategy is right to discard tidal power in favour of the "holy trinity" of low-carbon energy: nuclear, clean coal and wind".

The battle now is to ensure that Wales is in a position to take advantage of government policy in these three areas. Certainly, North Wales could be reaping an economic bonanza in terms of nuclear and wind but it is now imperative that South Wales fully participates in any plans for clean coal technology.

Comments

Anonymous said…
why not both ,or is that never an option for Wales
The barrage should be supported if nuclear is being given the ok
Get the money from the world bank like other third world countries do
I take your point but note that, according to Chris Huhne back in June,

"It is for private sector energy companies to construct, operate and decommission new nuclear plants".

Surely if there is a strong economic and financial case for the barrage, then private companies could do the same for that project?
This comment has been removed by the author.
This comment has been removed by the author.
Anonymous said…
Agreed ,but WAG will not look at PFI will they
Its not just the energy -tourism at the barrage would be a premium product
Anonymous said…
If nuclear power stations are so brilliant for the economy - why are Cemaes Bay and Holyhead not already thriving in the shadow of the existing power station ?
Sheep in Wales are still affected by movement restrictions following Chernobyl. The reservoirs in Wales still contain radioactive particles in the sludge at the bottom of the reservoirs. The Irish Sea is still the most radioactive sea in the world.
Who will underwrite the private sector companies bringing forward the new nuclear stations in the event of a failure or the far more likely terrorist atttack ? Or will we remain uncompensated because, like the banks, the government will ensure it has(very) limited liability for something brought forward by the private sector for 'national' interests - and the private sector will quickly go bankrupt in the event of a problem. Those of us living the shadow of Wylfa B who know people who currently work at Wylfa know that nuclear power is not safe and that we are being held to ransom by the lack of employment in the area and by politics which seek to 'sell' immediate opportunities and downplay longer term risks.If nuclear energy was safe all the new power stations would be built on the side of the Thames or the Mersey - where demand is greatest.
pond said…
How does the private sector monetize the decommissioning of a plant whose waste products have a half life of 25,000 years? That will be one hell of a speadsheet!

Popular posts from this blog

THE IMPORTANCE OF FRANCHISING

When we talk about start-ups and entrepreneurship, rarely do we discuss the potential of franchising not only as a way of establishing new ventures in the economy but also as a method of growing existing businesses. According to the British Franchising Association, franchising is the granting of a licence by one person (the franchisor) to another (the franchisee), which entitles the franchisee to own and operate their own business under the brand, systems and proven business model of the franchisor. The franchisee also receives initial training and ongoing support, comprising all the elements necessary to establish a previously untrained person in the business. This enables individuals to start their own businesses without having to develop their own ideas and utilising an existing brand and established market. Of course, whilst each franchise business is owned and operated by the franchisee, the franchisor controls the quality and standards of the way in which the business is

Change your business through change

All business organisations, especially entrepreneurial small firms, must cope with an ever changing business environment. However, small firms have a very limited ability in being able to control and relate to changes in the environment, although this can depend on the context of change. For example, if a major customer changes increases its order, the entrepreneur should be able to predict events and actions with regard to the timing and consequences of such a change and forecast any changes in the required resources and cashflow. Given this, the entrepreneur can undertake rational short-interval planning activity in order to underpin organisational control. However, much of the change facing business today is largely unpredictable in terms of its timing and its consequences. In other words, such change is open-ended, with it often being unclear what is changing or why it is changing. For example, the effect of the 9/11 bombing of the World Trade Centre was largely unexpected and its

THE IMPORTANCE OF THE CREATIVE CLASSES

One of my favourite academic books of the last two decades must be the “Rise of the Creative Classes” by Professor Richard Florida.  This was one of the first detailed studies of the growing group of individuals who use their creativity and mental labour to earn a living and not only included those in arts and entertainment, but also people working in science and technology as well as knowledge-based professions such as healthcare, law, business, and finance.  Fast forward to 2022 and Professor Florida has written an updated report on the creative classes although he and his team now identify a different type of individual who is taking full advantage of the growth in digital platforms, social media, and online marketplaces.  Such ‘creators’ are defined as those who use digital technology to make and publish unique creative content, whether in the form of video, film, art, music, design, text, games, or any other media that audiences can access and respond to.  They also make their mon