UK Prime Minister: Severn Barrage OK, but Not Feasible Now

UK Prime Minister: Severn Barrage OK, but Not Feasible Now

The UK’s Prime Minister David Cameron said that Severn tidal barrage project and other projects like that are very interesting, with the Government always looking at them. However, such project is far away from being feasible at this time, Mr. Cameron told journalists at a lunch in Westminster,Western Morning News  reports. 

“This project – I had Peter Hain come to see me with a whole lot of people to explain where they had got to – but it seems to me this is a long way off any sort of rational fruition, because it’s not economic at the present time,” he explained. The project’s cost is estimated to be up to GBP 34 billion. However, regardless of its potential, the coalition Government rejected the project in its initially proposed form since it required public funding, which the Government wasn’t able to ensure.

Nevertheless, a new plan proposes the tidal barrage project to be fully financed by private investors, mostly by those from Kuwait and Qatar.

Former Labour Minister Peter Hain, who supports this project, is quoted by Western Morning News as saying: “I don’t think there’s an argument that this is not going to happen tomorrow – I don’t have an issue with him [the Prime Minister] saying that – but it does need Government go-ahead. I don’t see what David Cameron said as cool at all, if he was against it, he’d have dismissed it altogether, which he didn’t.”

The Severn barrage tidal energy project would generate 5% of the UK’s electricity and create 10,000 working positions.

Offshore WIND Staff, December 12, 2012; Image: tidalenergy

Share this article

Follow Offshore Wind

Events>

<< Jun 2016 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Offshore Foundations

Offshore Foundations is a technical event for experts in the wind industry. The goal is to push forward technical development for future…

read more >

International Festival For Business 2016

For the international business community, it’s an event that promises to inspire and motivate, to feature the best enterprises, the sharpest…

read more >

CoE on Jackets Conference

To create an insight into each step of the value chain that affects CoE on jackets and their challenges to meet lower CoE. Represented…

read more >

European Offshore Wind Deployment Centre – supply chain networking event

Aberdeen Offshore Wind Farm Ltd (AOWFL), the company behind the European Offshore Wind Deployment Centre (EOWDC), would like to invite…

read more >

Jobs>

Project Management Damen Technical Cooperation

The realisation of vessel construction projects, often in international production locations, such that the projects are delivered on time, within budget...

apply

Technical Traineeship

Are you ingenious and looking for an entry-level job in which you can gain international experience...

apply

Assistant Project Engineer

Seajacks are in an exciting development phase for both the company and their fleet of vessels and we are seeking to employ a graduate engineer to work as ...

apply

Vessels>