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Sizewell C: How will the £20billion plant be fully-funded?

Campaigners will have their day in court to challenge the “woeful
decision” to give the go-ahead to the Sizewell C nuclear plant – just part
of a challenging year ahead for the huge project.

The government approved the £20billion-plus twin reactor on the Suffolk coast last summer and has
already pledged £700million of public money towards it along with a levy
on power bills.

But that still leaves huge decisions to be made as to where
the rest of the money will come from and how the power plant – which will
provide electricity for six million homes – will be fully funded.

Ministers say the financial investment decision (FID) will be made in this parliament
– which means in the next two years, though it could come sooner than that.
Construction work on the reactors will start soon after. Early work this
year will continue on the main development site and also to relocate some
buildings at Sizewell B to make room for Sizewell C.

 East Anglian Daily Times 4th Jan 2023


January 8, 2023 - Posted by | business and costs, UK

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