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Sizewell C ‘confirmed’ again – this time it might be the real deal | Nils Pratley

Buying out China’s stake was inevitable but the government still has the onerous task of finding committed investors

Another day, another “confirmation” that the government plans to build the Sizewell C nuclear power plant in Suffolk – surely the “most announced” project in UK infrastructure history. The latest update, though, contained a genuine sign of seriousness: the Chinese are being paid to go away.

China General Nuclear (CGN), a state-backed firm, owned a 20% stake in the fledgling project and had, in effect, a right to subscribe to maintain its holding through the various funding rounds – just as it did at Hinkley Point C in Somerset. In practice, any form of Chinese involvement in Sizewell has been impossible for at least a year.

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from The Guardian https://ift.tt/LFe6X4q
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