French energy company, EDF and China Nuclear Power Corporation (CGN) have today signed a Strategic Investment Agreement for the construction and operation of the proposed Hinkley Point C nuclear power station in Somerset.
Chinese Premier Xi Jinping is expected to formally seal the deal later today. The premier is in the UK on a state visit this week and is due to meet Prime Minister David Cameron later. Under the Strategic Investment Agreement, EDF’s share of the power station will be 66.5% and CGN’s will be 33.5%. [breakout…
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