"Until now, the absurd story of Hinkley has been as vivid an example of the self-deluding power of groupthink as could be imagined. All those ministers swept along by it, such as Ed Miliband, Chris Huhne and Ed Davey, should hang their heads in shame. This culminated in that humiliating spectacle last year (as also noted by Mr Timothy in April) when David Cameron and George Osborne invited the President of China to London, to beg him to lend us billions of pounds towards buying a reactor design so flawed that it could almost certainly never be built.
Nothing should have brought this home more forcefully, as I noted last year, than the contrast between the Hinkley project and the way South Korea is building four nuclear reactors for the United Arab Emirates, to an already proven design and at only a fraction of the cost.
Although the UAE only began talks with Korea in 2009, the year we began negotiating with EDF for its two 1600 megawatt (MW) reactors at Hinkley, the four 1400MW reactors for the UAE (hence their name APR1400s) are already under construction, with the first due onstream next year and the rest to follow by 2020. For Â£15 billion, they will thus supply 5600MW of electricity, much more than Hinkleyâ(TM)s 3200MW, so grotesquely subsidised that even Decc admits its cost could eventually be Â£37 billion."
Saved in the Nick of time from the worldâ(TM)s most expensive power station
To then bet on power storage to save solar and wind (both white elephants in their own right), seems rather comical.
Mathematics deals exclusively with the relations of concepts to each other without consideration of their relation to experience. -- Albert Einstein