UK Nuke Project

Construction is underway on the main part of a nuclear power project at Hinkley Point in Britain, which is partly funded by Chinese investment.

The latest news about the power plant was revealed by Tan Jiansheng, Vice President of the China General Nuclear Power Corp. (CGN), at a press conference on May 9.

As a flagship project of ChinaBritain cooperation, Hinkley Point C is co-invested by a CGN-led Chinese consortium and French state-owned power giant EDF, with the Chinese side holding a one third stake in the project.

The two sides struck the final agreement on the 18 billion-pound ($23.29 billion) project with the British Government in September last year. It will be the first new nuclear power plant in Britain for more than 20 years.