£100million of taxpayers’ cash to be used to turbocharge nuclear plant development


SOME £100million of taxpayers’ cash is to be used to turbocharge development of a nuclear plant.

While the UK grapples with the energy crisis, the planned £20billion Sizewell C in Suffolk could produce 3.2 gigawatts of low carbon electricity.

Business Secretary Kwasi Kwarteng will unveil the £100million commitment to EDF today

That is enough to power six million homes and support 10,000 jobs.

The project is being developed by France’s EDF and a controversial Chinese partner.

It is a near replica of Hinkley Point C in Somerset, which is more than five years into construction.

And it would help to reduce Britain’s exposure to volatile gas prices.

The £100million commitment to EDF from Business Secretary Kwasi Kwarteng will be revealed today.

It is a refundable sum and could lead to EDF’s Chinese partner CGN being axed from the project.

Mr Kwarteng said: “We need to ensure Britain’s future energy supply is bolstered by reliable, affordable, low carbon power generated in this country.”

Simone Rossi, EDF’s chief executive, said: “It will lower energy costs for consumers and help to insulate the UK from global gas prices.”

Did you miss our previous article…


Please enter your comment!
Please enter your name here