CGN: ‘Too early’ to judge Hinkley costs
energy, we believe it is a right choice to make the investment in the country,” CGN said.
The Hinkley nuclear project will be more competitive in the market by then, compared with other clean energy options like wind and solar power, it added.
CGN signed an agreement on the 18 billion pound Hinkley Point C power plant with French utility EDF and the British government last September, which has been hailed as a gateway to promote Chinese nuclear technology.
Tan Jiansheng, CGN vicegeneral manager, told China Daily earlier that the company’s investment in Britain, including Hinkley Point C in Somerset, Bradwell power station in Essex and a power station at Sizewell in Suffolk, shows that China is shifting from being a nuclear technology importer to an exporter.
The proposed Bradwell project consists of two of China’s homegrown Hualong One reactors, each with an output of 1.15 gigawatts.
CGN and EDF have worked together for more than 30 years on nuclear development and construction in China.