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China squeezed out of Sizewell C nuclear, in UK’s new funding plan.

Ministers moved yesterday to cut China out of involvement in Britain’s
nuclear power sector with a new funding model that will place the risk of
future projects on to consumers. Under plans announced by Kwasi Kwarteng,
the business secretary, investors in new nuclear power stations will see a
return on their money before the plants are even built.

The move will effectively mean that consumers take on the risk of delays and cost
overruns to projects and will start paying for the new plants through their
bills before the reactors are built.

 Times 27th Oct 2021

https://www.thetimes.co.uk/article/china-squeezed-out-of-sizewell-c-in-plan-to-fund-nuclear-power-mdf5rrvmk

October 28, 2021 - Posted by | politics international, UK

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