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Centrica is ready to take 15 percent stake in Britain Size C Nuclear Project After years of delay and after months of conversation.
According to people familiar with the discussions, all the parties are keen to reach the final investment decision on the project before the holiday of Parliament on 21 July.
Last cost of sizewell – There is only the second new nuclear plant built in a generation in Britain – Can be close to £ 40bnFinancial Times reported in January based on the beliefs of industry experts. The management of both the government and the sizewell has rejected the figure, although no new estimates have been given.
Planned investment by centrica means that Ftse 100 energy company The Sizewell C behind the British gas will have a similar size share as a French state -owned energy group EDF, which has reduced its position in the Safok project up to 15 percent. Centrica already holds a 20 percent stake in the original company of the unit that operates the existing EDF’s existing nuclear property in the UK.
Centrica and EDF refused to comment.
Investment in size Can still come in time French President Emmanuel Macron’s visit to London on 8 July for an Anglo-French summit. However, according to people familiar with the situation, the timetable has slipped, put that goal in suspicion.
Brookfield Asset Management is still talking about a similar investment in Sizewell C and according to people familiar with discussions, a larger stake can be designed compared to the centric. Brookfield refused to comment.
US Private Capital Group Apollo said last week that it Will provide £ 4.5bn in financing To support the French group’s other main investment at the UK nuclear power plant for the EDF, in the Hinkle Point C in the Summerset.
The UK government is focusing on nuclear power so that the Energy Secretary can help in the UK infection for low carbon electricity with Ed Milliband, it is being called the “Golden Age” for nuclear power.
The government said in a statement: “By withdrawing control of our energy, we will protect the family’s finance, promote energy security, and deal with the climate crisis.” It said that 10,000 jobs will be made through building sizewell C.
UK pledges £ 11.5BN for the new state funding for Safok The taxpayer is taking investment to £ 17.8bn earlier this month. The project claims that it will provide 7 percent energy needs of UK energy for at least 60 years and 6MN homes and will also build 70,000 jobs in the supply chain.
Centrica has previously confirmed its interest in the project, but CEO Chris O’she refused to give details of the shape of the stake that could take it. In February, O’she stated that the stake could “be between 1 percent or 2 percent and 50 percent”.
Sizewell C was initially proposed by EDF and China General Nuclear Power Group (CGN), but the UK government spends £ 679MN taxing funds to buy its stake after removing CGN on concerns about Chinese effects after the UK government has removed CGN in 2022.
