Chancellor of the Exchequer, George Osborne, today gave the green light to the initial government guarantee for the first nuclear plant in Britain for 20 years.
While on a five day tour of China, the Chancellor announced the new government guarantee, provided by Infrastructure UK, for a new nuclear power station planned for Hinkley Point C in Somerset. The initial deal is set to be worth around £2bn and will pave the way for a final investment decision by energy company…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login