|China allowed minority stakes in UK nuke projects
Britain will allow China’s companies to take majority stakes in nuclear power projects, UK finance minister George Osborne said.
Osborne made the announcement during a visit to the Taishan atomic power station in southern China, the British government said. The two countries signed a memorandum on civil nuclear cooperation.
The statement said initial Chinese stakes in nuclear power stations in Britain were likely to be minority shares, but added: “Over time stakes in subsequent new power stations could be majority stakes.''
The announcement comes amid reports that China General Nuclear Power and French energy giant EDF have agreed a controversial deal to build a new atomic power station at Hinkley Point in Somerset.
Osborne said his announcement was “an important potential part of the government's plan for developing the next generation of nuclear power in Britain''.
“It means the potential of more investment and jobs in Britain, and lower long-term energy costs for consumers,'' he added.
The Taishan facility is a joint venture between China General Nuclear Power and EDF, according to the release.—AFP