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Sizewell C nuclear station to be funded 20% by French taxpayers, and 20% by British taxpayers.

French government officials have officially approved the involvement of
state-owned company EDF in the development of Britain’s Sizewell C nuclear
power plant, Boris Johnson’s last flagship program as Prime Minister. I can
reveal. In his last keynote address as Prime Minister, Mr Johnson had urged
his successors to “go nuclear and go big and go with Sizewell C”.

While questions remain about how the project will be funded, with I After
previously revealing how it has approached investors in the UAE, Australia
and Saudi Arabia for financial backing, the UK has now secured the full
backing of French officials – a big step forward for the plant. The UK is
expected to plan a 20 per cent stake in Sizewell C, with EDF taking a
further 20 per cent – leaving 60 per cent of the project dependent on
investors.

UK Daily News 28th Oct 2022

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October 31, 2022 - Posted by | business and costs, politics, UK

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