‘Not clear’ if Sizewell C investors are incentivised to keep costs down

The National Audit Office (NAO) has questioned whether investors in the Sizewell C nuclear power station are sufficiently incentivised to keep construction costs under control, despite backing a financing model that reduces costs for consumers and taxpayers. In a report published on Tuesday (19 May),… The post ‘Not clear’ if Sizewell C investors are incentivised to keep costs down appeared first on Construction News.

Sizewell C’s financing places more risks on public purse ‘than other electricity projects’

The financing of Sizewell C has been scrutinised by the National Audit Office (NAO), which found it “places more risks on taxpayers and consumers than other electricity projects” and that benefits to consumers will only outweigh costs after 2060. The post Sizewell C’s financing places more risks on public purse ‘than other electricity projects’ appeared first on New Civil Engineer.

NAO urges clarity on risk in innovation at DfT

The National Audit Office has called on the Department for Transport to establish a clearer risk appetite as it invests on transport decarbonisation innovation.

Sizewell C and Northern Powerhouse rail face official probes

Probes into Sizewell C and Northern Powerhouse Rail have been lined up by a powerful parliamentary committee. The public accounts committee said the sessions would draw on National Audit Office (NAO) work and would examine how departments were managing the cost, delivery and value-for-money risks… The post Sizewell C and Northern Powerhouse rail face official probes appeared first on Construction News.

British Steel bailout costs could reach £1.5bn

The government’s support for British Steel is costing £1.2m per day, and the bailed-out company’s steel production has been behind target almost every week, a new report has revealed. The National Audit Office (NAO) has assessed the April 2025 takeover of the Scunthorpe steelworks site… The post British Steel bailout costs could reach £1.5bn appeared first on Construction News.