nuclear-news

Sizewell C Nuclear Project’s biggest stumbling block is its funding problem.

 Everything you need to know about the future of Sizewell C power station
in 2023.

Sizewell C’s biggest stumbling block surrounds its funding. The
government’s £700 million commitment is merely a small amount of the
estimated final cost, which is likely to run above £25 billion.

In November, Business, Energy and Industrial Strategy Secretary Grant Shapps
confirmed that the government had bought out China General Nuclear’s stake
in the project. However, it’s reported that around 60 per cent of the
funding is yet to be found. Most of the returns for the investors will come
when they sell electricity to businesses and households around the UK.

However, the government has also said that it will allow investors in new
nuclear to get money through the so-called Regulated Asset Base model.

 Suffolk Live 5th Jan 2023

https://www.suffolklive.com/news/suffolk-news/everything-you-need-know-future-7989137

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