Member

The model that is being used for the financing of Sizewell is to bring in a number of private sector investments to provide the commercial discipline in relation to cost and timing. Although the noble Lord is right to point to the cost and time overruns at Hinkley, we are learning and are confident for the future. The whole point about small modular reactors is that their modular nature should enable great efficiencies to be secured as more modulars are built in factory mode and then placed on site.