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U.K. Injects Cash to Keep Sizewell Nuclear Plant Moving Forward

  • Government will invest 100 million pounds in development phase
  • That moves EDF’s Sizewell C project closer to funding decision
EDF's Sizewell C
EDF's Sizewell C

Source: Electricite de France SA

The U.K. government is investing 100 million pounds ($135 million) to push Electricite de France SA’s Sizewell C nuclear project in eastern England a step closer toward being built.

The funds will be used to advance the project to the next stage of financing negotiations over how much the government and private investors will pump into the facility. The construction of Sizewell C, which would provide power for six million homes, could cost about 20 billion pounds.