New Nuclear Funding Model Frees UK to Squeeze out Chinese Investment

New Nuclear Funding Model Frees UK to Squeeze out Chinese Investment
A crane moves building materials into the circular reinforced concrete and steel home of a reactor at Nuclear Island 1, at Hinkley Point C nuclear power plant near Bridgwater in Somerset, England on Sept. 23, 2021. Ben Birchall/PA
Simon Veazey
Simon Veazey
Freelance Reporter
|Updated:

The UK government is making it easier to invest in nuclear power stations, lowering the table stakes with a new financing model which they hope will attract local private investors in place of overseas developers.

The announcement on Oct. 26 does not mention the government’s growing discomfort over the involvement of a Chinese state-backed developer in building its flagship £20 billion ($27.5 billion) nuclear reactor.

Simon Veazey
Simon Veazey
Freelance Reporter
Simon Veazey is a UK-based journalist who has reported for The Epoch Times since 2006 on various beats, from in-depth coverage of British and European politics to web-based writing on breaking news.
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