Point deal with Chinese partners 'set to be signed in March'
French nuclear power developer EDF is set to sign an investment
agreement with Chinese finance partners for a new reactor at Hinkley
Point C near Burnham-On-Sea by the end of March.
plant would be the first overseas venture for the China General
Nuclear Power Corp, according to media reports this week.
government says the civil nuclear agreement signed by the UK and
China could be worth hundreds of millions of pounds to British
companies over several years. It has paved the way for Chinese
companies to invest in Hinkley Point C.
and Climate Change Secretary Ed Davey said: China and the
UK stand united in our plans for more collaborative working that
will help to achieve long lasting energy security in our own countries.
the government has refused to reveal whether its National Security
Council approved or discussed China's investment in the proposed
£24.5 billion nuclear power plant, citing national
a Freedom of Information request for information regarding China's
expected 30-40 percent stake in the new nuclear site, the government
has denied further disclosure.
nuclear plant is not the only UK energy project that China co-finances.
The state-owned China General Nuclear Corporation is reportedly
prepared to pay £100 million for an 80 percent stake in
three British wind farms.