nuclear-news

Sizewell C nuclear project to get go-ahead during Anglo-French summit 

UK ministers hope to sign up private sector investors for new Suffolk power
plant later this month. The new Sizewell C nuclear power station is
expected to get the final go-ahead during an Anglo-French summit in London
next month, as UK ministers edge towards securing billions of investment
from the private sector.

Darren Jones, a Treasury minister, told the
Financial Times earlier this year that the final investment decision for
Sizewell C, where shareholders formally commit to the investment, would be
“at the spending review” on June 11. Ministers are expected to reaffirm
the government’s intention to invest in Sizewell in or around the
spending review, according to people close to the situation, with details
expected on how much they could allocate in taxpayer support for the
project.

However, the final go-ahead is not expected until an announcement
by Prime Minister Sir Keir Starmer and French President Emmanuel Macron
during the Franco-British summit in London between July 8 and July 10,
according to people close to the talks in Britain and France. By then the
government and EDF will have received final bids from several private
investors who have been given a deadline of late June, allowing the formal
final investment decision to proceed.

Groups expected to bid for a stake in
Sizewell include insurer Rothesay, backed by the Singaporean infrastructure
fund GIC, the Canadian pension fund CDPQ, Amber Infrastructure Partners,
Brookfield Asset Management, pension fund USS, Schroders Greencoat and
Equitix, people close to the talks have said. Centrica, the owner of
British Gas, has also confirmed that it is in talks to invest in the
project.

 FT 3rd June 2025,
https://www.ft.com/content/25927b63-6ce5-4964-b8df-086c010148f8

June 5, 2025 - Posted by Christina Macpherson | politics, UK