UK to buy out China General Nuclear’s share of Sizewell C nuclear plant

The UK government will pay £100m to a Chinese state-owned firm to buy out their share in the Sizewell C nuclear plant. The taxpayer buyout of China General Nuclear’s (CGN) 20 per cent share will mean the UK government and French state-owned EDF will take a 50-50 equity split for the Suffolk nuclear plant. It will [...]