Re:Hinkley Point C nuclear plant to run £2.9bn over budget
by wjnc on Wednesday September 25, 2019 @07:35AM
(#21069689)
Any investor / economist will tell you that making bets that fail is not the main point, knowing then to quit is. If these numbers are correct, any rational party to the deal should just walk away from these sunk cost. Any further incurred cost is a loss. Negotiate what you want to change the burden of the incurred cost, but walk away.
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Re:Hinkley Point C nuclear plant to run £2.9bn over budget
by notideallla on Wednesday September 25, 2019 @07:55AM
(#21069840)
Think about what the papers would print: "Nuclear plant construction abandoned after 10 billion spent on it. With this money we could have built 20 hospitals.". It would be a PR disaster way bigger than sending them a few billions more.
Re:Hinkley Point C nuclear plant to run £2.9bn over budget
by Brakenshire on Wednesday September 25, 2019 @08:21AM
(#21070016)
Hinckley won't be renegotiated, it's more a question of whether we commission the other new nuclear plants. It’s possible that Hinckley could go bankrupt though, and then the government would have to decide what to do.