UK Puts Up an Extra £1.3 Billion to Build Sizewell C Reactor
- EDF-built 3.2-gigawatt nuclear plant key to UK energy strategy
- Government boosting investment to attract private investors
The Sizewell B nuclear power station stands in Sizewell, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The UK government will invest an additional £1.3 billion ($1.7 billion) to build the Sizewell C nuclear plant to try and entice private investors to back the project.
The government will be the majority shareholder in Sizewell and is hoping to attract enough capital to make a final investment decision this year. The extra cash follows a £700 million funding pledge in November 2022 and a further £511 million agreed last summer, according to a statement on Monday.