By Rory O’Brien and Dan SheridanThe Renewable Energy Agency (REA) has been given a budget of £2.5bn to help build a new nuclear power plant in Scotland.
The money will be used to build a large new reactor, which will be built in conjunction with the UK’s biggest nuclear power station, Hinkley Point.
The new reactor will help the UK with its ambition of building an equivalent of one of the world’s largest nuclear reactors by 2020.
It is expected to generate around 10% of the UKs annual power needs and is expected have a carbon emissions equivalent of over 10,000 tonnes per year.
The £2bn is to be paid over three years.
The REA said the new plant would provide “significant, long-term support for the UK and its national security” and the project would contribute to “building a strong nuclear industry and ensuring that UK security and prosperity are not threatened”.
The Scottish Government is already paying for a new reactor at Hinkay Point.
It has already been commissioned at the site, and a further £2m has already gone to the project.
The Scottish Parliament has pledged to contribute an additional £300m to the £4.7bn Hinkahoe project over five years.
This means that by 2020, the Scottish Government will be spending £2,250 per household on nuclear power, compared to £1,500 per household currently.
The total UK investment in nuclear power has reached £1.5tn since its inception in 1997, according to the latest figures from the Department for Energy and Climate Change.
However, the number of households that can be expected to benefit from nuclear power is far lower than that.
About 60% of households in Scotland currently do not have access to electricity, and half of them have no power at all.
The government has also said that by 2025 it will be investing £1bn in a new plant to replace Hinkory Point in England.
However this new project, if built, will not have the capacity to generate enough power to power all the UK.
In the United States, the US has a total installed nuclear power capacity of over 15GW, with over 1,000 MW of capacity.