With a £16 billion budget there’s a lot of money to be made.
Power firm EDF Energy held a conference in London this week for companies looking to cash in on the planned Hinkley Point C nuclear plant. It said the event would help potential suppliers understand how to win contracts for the project.
The Big Six energy company has estimated 57% of all spending will go to UK firms. Its French partner on the build, AREVA, has already signed agreements with 25 British companies to supply components and services, EDF said.
Humphrey Cadoux Hudson, Managing Director for New Nuclear Build at EDF said: “Hinkley Point C will provide a massive boost for UK manufacturing and help rebuild lost skills and expertise in nuclear new build. There are many UK companies already winning high-value global nuclear contracts – our aim is to help many more British businesses benefit from this huge opportunity.”
The energy supplier is also working with the Somerset Chamber of Commerce to help local businesses grab a slice of the £500 million being spent on services to support the build – for example providing thousands of meals everyday for on-site workers during construction.
The power station is scheduled to take nine years to complete, with the on-site workforce peaking at around 5,600.