EDF begins talks with ‘a dozen’ private investors to fund construction of Sizewell C. The firm, which estimates that Sizewell C will be 20% cheaper than the £19bn price tag attached to Hinkley Point C in Somerset, said investors across a wide spectrum, including pension funds, were showing an interest in the Suffolk project. It is now in talks with the dozen private investors about backing the construction of the plant, which should be cheaper, as copying an existing design, such as Hinkley Point C, will cut costs. Humphrey Cadoux-Hudson, managing director of nuclear development at EDF’s UK arm, is optimistic a deal can be struck with private investors, which could serve as a model for other UK nuclear projects. EDF and its Chinese partner CGN would take minority stakes in Sizewell, but the project will need “a strong UK shareholder base”, he said.
East Anglian Daily Times 27th June 2018 read more »
EDF, the French energy group, has begun talks with “a dozen” private investors about backing the construction of a new nuclear power plant in Suffolk.
FT 27th June 2018 read more »