Centrica is scheduled to get 15 % in the Sizewell C Nuclear project

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Centrica is scheduled to get 15 percent in the United Kingdom Sizewell C Nuclear Project After years of delay and months of negotiations extracted.

All parties are keen to reach a final investment decision on the project before the parliament’s holiday on July 21, according to persons familiar with the discussions.

The final cost of Sizewell – which is only scheduled to be the new nuclear factory that was built in a generation in Britain – It can be close to 40 billion poundsI mentioned the financial times in January based on the assumptions of industry experts. The Sizewell Administration rejected this number although no new estimate is presented.

Investment planned by Centrica means that FTSE 100 Energy Behind British gas, it will have the same size in Sizewell C as the EDF group for the French state, which gradually reduced its location in the Sofolk project to 15 percent. Centrica already has a 20 percent stake in the parent company that manages the current nuclear assets in the UK.

Centrica and EDF refused to comment.

Investing in Seizuil It can still come in time For French President Emmanuel Macron’s visit to London to get the Anglo Franch summit on July 8. However, the schedules decreased, according to the people familiar with the situation, which puts this goal.

Brookfield Asset Management is still holding talks about a similar investment in Sizewell C and can be ready to take a greater share of Centrica, according to persons familiar with discussions. Brussfield refused the comment.

Apollo, a private capital group in the United States, said last week that he It will provide 4.5 billion pounds in financing To EDF to support the other main investment of the French Group at a nuclear power plant in the UK, at Hinkley Point C in Someress.

The UK government focuses on nuclear energy to help Britain’s transition to low -carbon electricity with Energy Minister Ed Miliband, describing it as a “golden age” for nuclear energy.

The government said in a statement: “By regaining control of our energy, we will protect family financial, increase energy security, and address the climate crisis,” the government said in a statement. He added that 10,000 jobs will be created by building Sizewell C.

the The UK pledged 11.5 billion pounds from the new state financing for Suffolk A project earlier this month, taxpayers’ investments so far to 17.8 billion pounds. The project claims that it will provide 7 percent of the UK power needs for at least 60 years, operate 6MN homes in addition to creating 70,000 jobs via the supply chain.

Centrica has already confirmed its interest in the project, but CEO Chris Ochia has refused to provide details about the size of the share it could take. In February, Ochia said the share may be “between 1 percent or 2 percent and 50 percent.”

Sizewell C is initially suggested by EDF and China General Nuclear Energy Group (CGN), but the UK government owns about 84 percent of the project after the CGN was removed in 2022 regarding concerns about Chinese influence, as it spends 679 million pounds of taxpayer boxes to buy its share.