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British tax-payers to buy into the French-led new Hinkley Pointnuclear power plant consortium

text-my-money-2flag-UKBritain to take nuclear plant share for national security, Economic Times, By AFP | 23 Jan, 2015,LONDON: Britain will have a “special share” in the French-led new Hinkley Pointnuclear power plant consortium to safeguard national security, British energy officials told a parliamentary hearing this week.

“The UK will have a special share in the consortium,” energy minister Ed Davey said on Wednesday when asked about safeguards for the project, which is led by French giant EDF and should include Chinese partners.

The Chinese firms, CGN and CNNC, are expected to get a stake of between 30 and 40 percent. ……..

Britain has placed nuclear at the heart of its low-carbon energy policy in stark contrast to Europe’s biggest economy Germany, which has vowed to phase out nuclear power in the wake of Japan’s 2011 Fukushima disaster.

The Hinkley Point contract is worth £16 billion. http://economictimes.indiatimes.com/news/international/world-news/britain-to-take-nuclear-plant-share-for-national-security/articleshow/45996556.cms

January 24, 2015 - Posted by | politics, UK

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