London: Britain's government says it struck a deal with France's EDF energy and a group of Chinese investors to build the first nuclear power plant in a generation.
Energy secretary Ed Davey told the BBC the power project is critical to the country's efforts to "to keep the lights on and to power British business." The plant at Hinkley point in southwestern England won't start generating power until 2023.
One of the last barriers to the deal was removed during a visit to Asia last week by Treasury chief George Osborne, who announced Chinese firms would be permitted to invest in civilian nuclear projects. The government is revealing specifics Monday.
China relies on foreign technology for its generating stations. However, it is trying to develop its own reactors and other equipment.
Energy secretary Ed Davey told the BBC the power project is critical to the country's efforts to "to keep the lights on and to power British business." The plant at Hinkley point in southwestern England won't start generating power until 2023.
One of the last barriers to the deal was removed during a visit to Asia last week by Treasury chief George Osborne, who announced Chinese firms would be permitted to invest in civilian nuclear projects. The government is revealing specifics Monday.
Advertisement
COMMENTS
Advertisement
Cop Injured In Attack In Central Paris, Says French Minister India vs Pakistan: Players To Watch Out For In Upcoming Women's Asia Cup Clash India vs Pakistan: Smriti Mandhana, Harmanpreet Kaur Start Women's Asia Cup Title Defence World's Largest Isolated Tribe Makes Rare Appearance In New Footage Barack Obama Wants Joe Biden To Pull Out Of US Presidential Race: Report Relationship Timeline Of Hardik Pandya, Wife Who "Parted Ways": 5 Facts NEET PG 2024: Test Cities Out For Postgraduate Medical Entrance Exam After 53 Years, Mortar Shells From 1971 Indo-Pak War Found In Fish Pond "Humanitarian Crisis Due To Israel-Hamas Conflict Concerning": India At UN Track Latest News Live on NDTV.com and get news updates from India and around the world.