International
UK to invest $809m in Sizewell C nuclear power plant
Seetao 2022-09-05 15:51
  • Government to invest £700m in Sizewell C from £1.7bn fund available to develop large nuclear projects
  • The restart of the project is to meet the UK's energy supply and ease the gas crisis
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The UK government will invest £700m into the planned Sizewell C nuclear power plant to improve the country's energy security. The move was announced by Prime Minister Boris Johnson during a visit to Sizewell.

The investment will come from a £1.7bn fund agreed by Cabinet to develop large nuclear projects. In his speech, Prime Minister Johnson expressed confidence that the funding will exceed expectations in the coming weeks.

The 3.2GW Sizewell C is a nuclear project that will be located near the Sizewell A and B nuclear power plant sites in Sizewell on the Suffolk coast. The project, developed by French energy company EDF, is expected to cost around $20 billion.

The UK government approved a development licence for Sizewell C in July 2022. Currently, discussions are ongoing about raising funds. The project is expected to be operational in the early 2030s. Once commissioned, SizewellC will supply around 7% of the UK's electricity supply.

Johnson said the project would create tens of thousands of jobs, but it would also power 6 million homes, about one-fifth of all homes in the UK. So this will help address the energy needs of this generation as well as the next, the baby born in 2022 will get energy from Sizewell C long, long after her retirement and this new reactor is just part of our great British nuclear sports.Editor/XingWentao

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