There have already been extensive investments made by Chinese firms in British nuclear power. Photo credit – Pixabay
British nuclear power set for China boost
CGN (China General Nuclear Power Group) could be preparing a bid for a majority stake in eight British nuclear power stations.
That’s according to analysts following the decision of British Gas to sell its stake in the facilities.
However, given the British Gas only owns 20 percent of them, a majority deal would also rely on EDF selling some or all of their stake, too.
There have already been extensive investments made by Chinese firms in British nuclear power.
For example, the new Chinese HPR1000 reactor will be built, pending certification, by a joint French/Chinese consortium at Bradwall in Essex, UK.
The consortium is made-up of EDF from France and China General Nuclear Power Corporation, who together have formed General Nuclear Services (GNS).
This development will form the first step of a broad investment by the Chinese and French firms in the UK nuclear power system.
An even larger project will be the new power station at Hinkley Point C, which will help to redress a looming power gap in the United Kingdom between the amount of power that the country consumes and the amount that it can produce for itself.