nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

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

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: