SSE boss: Hinkley Point will likely be the UK's only nuclear new build

 
Courtney Goldsmith
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British Government Signs A Deal For New Nuclear Power Plant
SSE used to own a 25 per cent stake in a now troubled nuclear new build (Source: Getty)

The boss of one of Britain's utility giants today warned the nuclear power station at Hinkley Point is likely to be the only one to go through in the UK.

"The bottom line in nuclear is that it looks like only Hinkley Point will get built, and Flamanville needs to go well for that to happen," Alistair Phillips-Davies, chief executive of SSE, told Reuters at the Eurelectric utilities conference in Estoril, Portugal.

Flamanville, France, is the site where EDF is building the same type of reactor as it plans for Hinkley. However, the project has fallen years behind schedule and it is already billions of euros over budget.

Phillips-Davies added the troubled NuGen project in Cumbria, which is led by Japanese conglomerate Toshiba, "looks tricky" from his point of view. Toshiba's Westinghouse, which builds reactors, filed for bankruptcy protection earlier this year.

"I would not expect them to get done any time soon," he said.

SSE owned a 25 per cent stake in NuGen until 2011.

Read more: Ministers need to learn the lessons from Hinkley