Model: Wylfa Project and Bn

model: It could also resurrect the dormant plans for a 16bn new nuclear reactor at the Wylfa project in North Wales, which fell apart last year due to the high costs of nuclear construction, according to The Guardian. Government officials are expected to reveal a new financial framework based on the model being used to finance the 4.2bn Thames Tidewaytunnel. The funding model, expected this week, could help bankroll the multibillion pound plans for a follow-on to EDF Energy's Hinkley Point C project in Somerset, which ministers aim to build at the Sizewell site in Suffolk. Under those plans, the government has allowed the super-sewer's developers to charge customers upfront for the project, and agreed to cover cost overruns above 30% of the budget and step in as a lender if funding dries up. The policy roadmap will set out the government's plans for the energy sector as the economy moves towards the UK's target to reduce emissions to net zeroby 2050. The nuclear plans are expected to be unveiled before parliament's summer recess at the end of this week, before a long-awaited energy white paper. (news.financializer.com). As reported in the news.