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<p>The Government signed a Contract for Difference with EDF and CGN in September 2016.
Under this agreement, the developer will fund the construction of the Hinkley Point
C nuclear power station and bear associated risks and liabilities. Through this placement
of construction related risks with the developer, the public purse is protected from
the risks and liabilities arising from the construction of the Hinkley Point C nuclear
power station.</p><p> </p><p>The Department laid a minute on 21 October 2015 outlining
the liabilities that would be incurred by entering in to the contracts for Hinkley
Point C. The minute can be found at:</p><p><a href="http://qna.files.parliament.uk/qna-attachments/425357%5Coriginal%5C20151021%20Minute%20to%20Parliament%20HPC%20contingent%20liabilities.docx"
target="_blank">http://qna.files.parliament.uk/qna-attachments/425357%5Coriginal%5C20151021%20Minute%20to%20Parliament%20HPC%20contingent%20liabilities.docx</a></p><p>
</p><p>The Government continues to engage with other developers on their proposals
for new nuclear power stations, including financing. These discussions are commercially
sensitive.</p>
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