Sizewell C Nuclear Project for Equipment Light During the Anglo Franch Summit

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Sizeweell C Nuclear Energy Station is expected to get the final light during the French Anglo summit in London next month, where UK ministers were wandering in securing billions of investment from the private sector.

The UK government-which owns the Sizewell C project alongside the French Energy Company EDF- Nuclear reactors To help strengthen Britain’s low -carbon electricity supply.

Darren Jones, Minister of Treasury, told the Financial Times earlier this year that the final investment decision of Sizewell C, where shareholders formally commit to investment will be “in reviewing spending” on June 11.

The ministers are expected to reaffirm again governmentThe intention of investing in SIZEWLL to review or around spending, according to people close to the situation, with expected details about the amount they can customize in supporting the taxpayer for the project.

However, the final light does not expect that Prime Minister Sir Kerr Starmer and French President Emmanuel Macron announced at the British Franco summit in London between July 8 and July 10, according to people close to the talks in Britain and France.

By that time, the government and EDF will receive final bids from many private investors who have received a deadline in late June, allowing the official final investment decision to move forward.

The groups that are expected to be offered in Sizewell, the Rothesay insurance company, with the support of the Singaporean infrastructure fund, the Canadian pension box CDPQ, the amber infrastructure partners, the Brookfield assets, the pension fund, the Schrooders Greencoat, and the people close to conversations.

Centrica, the owner of the British GAS, also confirmed that he is holding investment in the project.

Chris Ochia, CEO of Centrica, told FT last week that he wanted to obtain a “reasonable return, exposure to costs in terms of cost and temporal table, and a reasonable cash injection definition file that sees the money that is going over time.

One of the potential investors said the terms are “generous”. Another potential investor, who refused to call, said that the government “has come a long way to make it attractive.”

However, the project is still controversial, given that it will be paid by higher energy bills during construction.

“Any private sector investors who appeared at the eleven o’clock have been sprayed with generous terms at the expense of consumers,” said Alison Downs of the Stop Sizewell C.

The Sizewell Administration rejected the allegations of industry that its final cost could eventually approach 40 billion pounds, but refused to provide its own estimates.

Sizewell C is scheduled to be the new nuclear power plant that was built in a generation in Britain, after Hinkley Point C, which EDF is building in Somerset but has been greatly late and exceeded the budget.

EDF tried to get a sizewell C from Earth for years. Its efforts were more complicated when the British government forced the former EDF partner, China General Nuclear Energy Company, on the basis of security in November 2022.

Sizewell C was supposed to be an investment registration in late 2024, but the project’s time scope had slipped. In 2022, the British state said it would participate in investing directly with EDF in the project and increased its ownership of the project.

As of December 31, UK government’s stake was 84 percent, compared to 16 percent of EDF. A person familiar with the situation said that EDF has reduced his share since then.

Schrooders Greencoat, Brookfield, GIC, Amber, Rothesay, CDPQ and Equitix Refuse. “We are not commenting on speculation,” said a government spokesman.

EDF refused to comment. UsS did not respond to the application at the time of publication.