Swansea lagoon still under consideration

3rd July 2017

The proposal for £1.3bn tidal lagoon in Swansea Bay is still being considered by ministers.

Richard Harrington, the new energy minister, said in a written reply that a response to a review of the project by Charles Hendry would be published in due course.

Hendry, a former energy minister, concluded that there would be "no regrets" in proceeding in order to develop a fleet of lagoons. He said the Government should prepare a National Policy Statement and create a Tidal Power Authority.

Institutions led by Prudential's InfraCapital and InfraRed Capital Partners would provide equity funding.

David Cameron had criticised the cost when he was prime minister and the proposal was not in the Conservatives' election manifesto. The right-leaning think-tank Policy Exchange has called the project "folly".


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