UK Govt Invests £700M in Sizewell C Nuclear Reactors
UK Govt Invests £700M in Sizewell C Nuclear Reactors
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UK Govt Invests £700M in Sizewell C Nuclear Reactors
The UK will move forward with a new nuclear power plant in Suffolk, England — the first government-backed nuclear installation in 35 years.
The Secretary of State for Business said the new £25bn Sizewell C nuclear power station will be ‘great for East Anglia and the UK’ as he…
The UK is to invest GBP679 million (USD815 million) and become a 50% partner with EDF in the Sizewell C nuclear project. The money "allows for China General Nuclear's exit from the project, including buy-out costs, any tax due and commercial arrangements".
Sizewell C project takes major step forward as government unveils plans to establish Great British Energy, a new arms-length public body to oversee UK nuclear power pipeline