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Deal allows Chinese firms to invest in Hinkley Point

Significant Chinese investment in the Hinkley Point new nuclear plant moved a step closer to reality last night.

The UK and China governments signed an agreement that allows companies from the Far East country to own and operate a nuclear power station here.

It is understood that fuel company China National Nuclear Corporation could now put money into Hinkley Point C in Somerset. EDF Energy last monthstepped up preperation work on the site of the proposed new nuclear plant.

Writing in the Guardian, energy and climate change secretary Ed Davey said: “Given the boost to low-carbon electricity, to energy security and to jobs, the Chinese interest in taking forward investment at Hinkley Point C – the UK’s first nuclear station in a generation – is hugely welcome.” 

An energy price deal was struck with the government for Hinkley Point last year, but EDF said a final decision on building the plant would depend on EU state aid approval.

A Bouygues/Laing O’Rourke joint venture has been named preferred delivery partner for the main construction contract on the plant.

Readers' comments (1)

  • I worked as an engineer in the UK nuclear power industry some 40 years ago when we had the skills, knowledge and home based investment to lead the world. Now, I despair, as we believe that buying from elsewhere with money from others is the answer. We seem to operate on the basis of knowing the cost of everything and the value of nothing. Our country is in a desperate shambles run by politicians and money people for their own benefit.
    Jim Barrack

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