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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>

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>

http://qna.files.parliament.uk/qna-attachments/425357%5Coriginal%5C20151021%20Minute%20to%20Parliament%20HPC%20contingent%20liabilities.docx<\/a><\/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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4068", "label" : {"_value" : "Biography information for Lord Harrington of Watford"} } , "answeringMemberConstituency" : {"_value" : "Watford"} , "answeringMemberPrinted" : {"_value" : "Richard Harrington"} , "dateOfAnswer" : {"_value" : "2018-04-27", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-04-27T13:38:01.607Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2018-04-19", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Nuclear Power Stations: Construction"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to protect the public purse from (a) risks and (b) liabilities during the construction of new nuclear power stations.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3930", "label" : {"_value" : "Biography information for Caroline Lucas"} } , "tablingMemberConstituency" : {"_value" : "Brighton, Pavilion"} , "tablingMemberPrinted" : [{"_value" : "Caroline Lucas"} ], "uin" : "136686"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }