Paul Flynn – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Paul Flynn on 2016-02-09.

To ask Mr Chancellor of the Exchequer, whether the loan guarantee facility offered by his Department to EDF Energy for construction of the twin Hinkley Point C nuclear power plants will be conditional on the prior successful operation of the same model elsewhere in the world before entering into force.

Greg Hands

The Chancellor announced in September 2015 an initial guarantee of £2 billion of bonds which must be repaid by December 2020 by the shareholders of the project company. There is no further obligation to issue guarantees after that date.