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Power Tech News Oct 2020

UK government considers acquiring equity in new nuclear plants

The UK Government reportedly plans to acquire equity stakes in new nuclear power plants. This comes as part of its financing measures to have at least one more nuclear power project constructed in the country.

The UK Government reportedly plans to acquire equity stakes in new nuclear power plants. This comes as part of its financing measures to have at least one more nuclear power project constructed in the country.

Currently, the UK has one nuclear project in the pipeline, which is EDF’s Sizewell C. The plant plant will come online in 2025, using an investment of $29bn (£22.5bn). EDF financed construction of Sizewell C, with the UK government guaranteeing the price for power sold from the plant.

Read the full PowerTechnology article here