Businesses in Wales can benefit from the building of a nuclear power plant in Somerset, the Royal Institution of Chartered Surveyors has said. But there are concerns it could make the shortage of skilled workers for construction projects worse. Hinkley Point C will cost £18bn, with a third of it being paid by China, and will create 25,000 jobs. The Federation of Master Builders, which represents small contractors, is also worried that many of its members will not even tender for business there because of how long it takes to get paid for these jobs.
A project looking at the deployment of small modular nuclear reactors (SMRs) in the UK is to be launched. The Energy Technologies Institute (ETI) is currently seeking partners and will invest up to £300,000 in the six-month scheme. The ETI is a partnership between energy and engineering firms including BP, Caterpillar, EDF, Rolls-Royce, Shell and the UK Government. SMRs are nuclear power plants which are smaller in size – 300MW or less – than current generation base load plants, which are 1,000MW or higher. They can be transported by truck or rail to a nuclear power site.