2. Business Statement and Announcement

Part of the debate – in the Senedd at 2:24 pm on 25 September 2018.

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Photo of David Lloyd David Lloyd Plaid Cymru 2:24, 25 September 2018

Leader of the house, you will no doubt be aware that the company behind the £1.3 billion tidal lagoon project in Swansea has now agreed a company voluntary agreement with its creditors to give it up to two years to find a way to deliver this project. And, as you will know also, hopes are still alive in Swansea that this project can get off the ground. In an event in the city last week Tidal Lagoon Power's Mark Shorrock stated that he wanted to supply electricity directly to organisations and homes in Swansea via private cables, something that he hopes will make the project commercially viable without any support from the UK Government.

We also know that the Swansea bay city region has established a taskforce into the lagoon and that discussions have taken place with Welsh public sector pension funds with regard to possible investment. However, one thing that was noted during last week's meeting was that, since the decision by the UK Government in June not to back the tidal lagoon scheme, the Welsh Government has not discussed with the company the £200 million that it had previously stated it would be prepared to invest earlier this year. Therefore, with different financing and ownership models on the table, there is a clear question in terms of what role the Welsh Government is going to play in helping to deliver this project.

This project has the ability to provide a much-needed economic boost to Swansea and south-west Wales and it's vitally important that, with the UK Government having again neglected Wales, the Welsh Government steps up to the mark. With all that in mind, could I ask that the Government bring forward a statement on the Swansea bay tidal lagoon that will outline clearly what the Government position is, what work it has undertaken over recent months on the issue, how it is working with the local authorities in the region, its view on possible Welsh Government investment, and its preferred model for delivering the scheme? Diolch yn fawr.