nuclear-news

UK’s Sizewell Nuclear Investors to Face Security Checks

1\Investors in the UK’s next nuclear power plant, Sizewell C, will face
“strict national security checks” by the government, after the state
last year bought out a Chinese company’s stake in the project.

Britain opened the private investment process on Monday for the 3.2 gigawatt
nuclear power plant that’s being built by Electricite de France SA.
Companies will have to demonstrate that they meet key criteria before
starting negotiations on Sizewell C, including experience in delivering
major infrastructure projects, according to a statement.

The UK is particularly sensitive about which countries it allows into its nuclear
infrastructure. The administration last year took over China General
Nuclear Power Corp.’s stake in EDF’s Sizewell project following
concerns over national security.

Still, being too picky may make it
difficult to get investors for the projects that need billions of dollars
of spending, and also brings the risk of cost overruns and delays.

 Bloomberg 18th Sept 2023

https://www.bnnbloomberg.ca/uk-s-sizewell-nuclear-investors-to-face-security-checks-1.1972837

September 21, 2023 - Posted by Christina Macpherson | business and costs, UK