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Chinese investment in Britain’s next generation of nuclear power stations is set to be banned on security grounds, leaving a multi-billion pound funding hole in the plans.
Nuclear power is key to Government plans to ‘future-proof’ the country’s energy supplies and avoid further price shocks, and is part of a drive towards a so-called ‘Green industrial revolution’.
But The Mail on Sunday understands that Ministers are going to formally bar any further involvement by China’s General Nuclear Power Group (CGN) in the £20 billion Sizewell C nuclear power project in a move likely to set a precedent for future collaborations.
It is understood the Treasury is examining plans to use pension funds to plug the funding gap for Sizewell C, which is 80 per cent owned by France’s EDF.
'Future proofing': A computerised view of the proposed nuclear power plant at Sizewell in Suffolk, where it is understood that Ministers are going to formally bar any further involvement by China’s General Nuclear Power Group (CGN)
Energy
