UK Gives Green Light To GBP38 Bn Sizewell C Nuclear Plant

Source: International Business Times

The new nuclear plant will be built alongside EDF's Sizewell B nuclear power station in eastern England AFP The UK government on Tuesday gave new British nuclear power plant Sizewell C the final go-ahead after reaching a deal with investors, aiming to bolster net zero and energy security goals. The government, the largest shareholder in the project, said Sizewell C, in eastern England, will cost around GBP38 billion ($51 billion) to construct. The project will also be funded by Canadian pension fund La Caisse, British Gas owner Centrica, Amber Infrastructure and French energy giant EDF.