Future Of British Business
UK Nuclear Ambition Moves Closer With Approval for Sizewell C
- Plant would power 6 million homes for the next 60 years
- Decision is key step in government’s plan to triple capacity
This article is for subscribers only.
The UK’s ambitious plan to expand its nuclear industry took a step forward with approval for Electricite de France SA to build the Sizewell C project.
The 3.2-gigawatt plant will power 6 million homes for the next 60 years if it goes ahead. A financing deal is crucial, and EDF wants to reach an agreement with the government in the “near-term.” Shares in the company are suspended while the remaining 16% of the company is nationalized by France’s government.