U.K. to Allow Chinese Companies to Invest in Nuclear Plants
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The U.K. will allow Chinese companies to buy stakes in its nuclear power plants as Britain seeks to boost investment in low-carbon electricity and stave off the risk of blackouts.
Initial investments are likely to be minority stakes and future stakes in new power stations could be majority holdings, Chancellor of the Exchequer George Osborne said today at the Taishan atomic plant in southern China, according to an e-mailed statement from the Treasury. The two nations earlier signed an accord in Beijing on civil nuclear collaboration.