TONY PRYOR
CEO
We plan to deliver green, safe, secure and ultimately the cheapest electricity for Britain into the next century. The barrage will protect tens of thousands of properties from rising sea levels and storm surges. Of course, no complex, large scale project is without controversy. We are committed to working with all interested parties in the months and years ahead to mitigate the risks and get it right. We believe this is a project whose time has come.”
WHO WE ARE
Hafren Power is a private limited company, incorporated in the UK and owned and controlled by a group of British entrepreneurs and investors. It has been created to build and operate a privately financed electricity barrage across the Severn estuary.
READ MORE ABOUT US
WHAT WE ARE DOING
Hafren Power plans to harness one of the world's largest potential sources of renewable energy: the huge tidal range of the Severn estuary. Building an 18km barrage between Brean in England and Lavernock Point in Wales will be one of the largest privately funded engineering projects in the world.
THE SEVERN BARRAGE PROJECTNEWS
Read our business case
10 May 2013
We're confident in the strength of our case presented to Government
Delivery partner team companies announced
09 May 2013
Five global engineering, construction and logistics companies support our project
PROJECT BENEFITS
- produces clean, sustainable electricity for over 120 years
- generates as much electricity as 3 to 4 nuclear reactors or 3,000 wind turbines, around 5% of UK needs
- produces the cheapest electricity in the UK over its life
- injects £25bn of private investment into the UK economy
- creates 20,000 direct jobs during the 9-year build
- dramatically reduces the impact on birds and fish of previous schemes by generating on both the ebb and flood tides, not damming the estuary
- defends 90,000 properties and 500km2 of floodplains from rising sea levels and storm surges, saving the nation billions in flood damage and defence costs
- costs the UK very little: construction is 100% privately financed and the cost of price support is offset by flooding and carbon cost savings
- leaves a legacy of industrial, tourism and leisure jobs
