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Centrica is set to take a 15 percent stake in the UK’s Gluzwell C’s nuclear project After many years of delay and months outlined negotiations.
All sides will be reached at a final investment decision in the project before the parliament recessment on July 21, according to people familiar with discussions.
The final cost of size – set to be the second new nuclear plant built in a British generation – would be about £ 40bnFinance time is reported in January based on thoughts from industry experts. Lakerwell’s handle rejects that number without a new estimate given.
Centrica’s planned investment means the FTSE 100 energy companies Behind the British gas has the same size stake in Lakerwell C as state-owned state owned, which continues to reduce the position of the Prouolk project at 15 percent. Centrica has already held a 20 percent stake of the parent company in the entity that operates Nuclear Nuclears in the UK.
Centrica and EDF refused to comment.
The investment of them can still come on time For French visit Emmanuel Macron in London for an Anglo-French summit on July 8. However, the timetables were lost, according to people who are familiar with the situation.
Brookifield Asset Management is still in speeches about a similar investment in the size of C and can be prepared to take a stronger stake than people familiar with discussions. Brookfield refuses to comment.
Apollo, the US Private Capital Group, said last week it Give £ 4.5bn to financing In the EDF to support other French primary investments in a UK nuclear power plant, in Hinkley Point C in Somerset.
The UK government focuses on nuclear power to help transfer Britain to the lower carbon electricity of Epery Secretary, Ed Maliband, which is called the “gold age” for nuclear power.
The government says in a statement: “By preventing our strength we will protect family finances, enhance energy security, and write the climate crisis.” Added these 10,000 jobs will be held by building the size of C.
the UK highlights £ 11.5bn of new state funds for Suffolk Project Early this month takes tax investment up to £ 17.8bn. Project admits that it will provide 7 percent of UK energy force of at least 60 years and power of strength to 60,000 jobs throughout the supply chain.
Centrica proves its interest in the project but the chief executive Chris O’Shea refuses to give details of stake size it can. In February, O’shea said stake becomes “between 1 per cent, or 2 percent and 50 percent”.
SizeWell C was initially proposed by Edf and China General Nuclear Power Group (CGN) but the UK Government Owns about 84 per cent of the project after removing CGN in 2022 over concerns about Chinese influence, spending £ 679mn of taxpayer funds to buy out its stake.
