Government-owned Chinese company wants to build Sizewell nuclear plant
 State-owned Chinese company bids to build second UK nuclear plant, SMH, By Latika Bourke May 27, 2020 —A Chinese state-owned company blacklisted in the United States has applied to build a second nuclear plant in Britain amid growing concern in the UK government’s ranks about Chinese investment in critical infrastructure.China General Nuclear Power Group’s application creates a new headache for UK Prime Minister Boris Johnson, who is already facing a backbench revolt over his approval of Chinese firm Huawei to supply Britain’s 5G networks.
The UK does not have an investment review process like Australia’s Foreign Investment Review Board. However, Johnson has flagged a tightening of foreign investment rules in the wake of the pandemic and subsequent alarm about dependence on China. CGN, on Wednesday, submitted its planning application to build the Sizewell reactor in Suffolk, England with its French partner EDF. The project, estimated to cost at least £20 billion ($A37 billion) would be financed through private investment and construction would begin by the end of 2021 if approvals are given. CGN’s initial stake in the project would be 20 per cent compared to EDF’s 80 per cent. The same consortium was approved to build Britain’s Hinkley Point power station in 2016. The then prime minister Theresa May temporarily halted the project over concerns about Chinese investment in critical infrastructure but eventually gave the project the go-ahead. However, in August last year the Trump Administration placed CGN on the US entity list accusing it of acting contrary to the United States’ national security. The US has accused the Chinese company of stealing US nuclear technology for military use.
Sizewell’s approval process is expected to take at least 18 months at the same time as the government is being urged to tighten foreign investment rules. Former Conservative party leader and backbench MP Iain Duncan Smith told The Sydney Morning Herald and The Age that China must not be allowed to make any further inroads into the UK’s critical infrastructure. “We simply cannot go further down the road of becoming more dependant on China,” he said…….. https://www.smh.com.au/world/europe/state-owned-chinese-company-bids-to-build-second-uk-nuclear-plant-20200527-p54x37.html |
|
No comments yet.
1 This Month.
5 January -Webinar-What is Trump’s Golden Dome?
REGISTER AT Massachusetts Peace Action Education
New book – https://www.amazon.com/dp/1923372157?utm_source=substack&utm_medium=email
Now until to February 10, 2026 Radioactive waste storage in France: the debate is finally open! How to participate?
-
Archives
- December 2025 (301)
- November 2025 (359)
- October 2025 (377)
- September 2025 (258)
- August 2025 (319)
- July 2025 (230)
- June 2025 (348)
- May 2025 (261)
- April 2025 (305)
- March 2025 (319)
- February 2025 (234)
- January 2025 (250)
-
Categories
- 1
- 1 NUCLEAR ISSUES
- business and costs
- climate change
- culture and arts
- ENERGY
- environment
- health
- history
- indigenous issues
- Legal
- marketing of nuclear
- media
- opposition to nuclear
- PERSONAL STORIES
- politics
- politics international
- Religion and ethics
- safety
- secrets,lies and civil liberties
- spinbuster
- technology
- Uranium
- wastes
- weapons and war
- Women
- 2 WORLD
- ACTION
- AFRICA
- Atrocities
- AUSTRALIA
- Christina's notes
- Christina's themes
- culture and arts
- Events
- Fuk 2022
- Fuk 2023
- Fukushima 2017
- Fukushima 2018
- fukushima 2019
- Fukushima 2020
- Fukushima 2021
- general
- global warming
- Humour (God we need it)
- Nuclear
- RARE EARTHS
- Reference
- resources – print
- Resources -audiovicual
- Weekly Newsletter
- World
- World Nuclear
- YouTube
-
RSS
Entries RSS
Comments RSS
nuclear-news 
Leave a comment