Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

France's EDF seals deal for UK nuclear plants

Share this article

France's EDF seals deal for UK nuclear plants
French energy giant EDF said Monday it had won a deal worth £16 billion pounds (€18.9 billion) to build two nuclear reactors in Britain. Photo: François Nasimbeni/AFP
09:08 CEST+02:00
French energy giant EDF has sealed a multi-billion euro deal with the British government to construct two new nuclear reactors in the UK, according to a joint statement from EDF and the UK government.

French energy giant EDF said Monday it had won a deal worth £16 billion pounds (€18.9 billion) to build two nuclear reactors in Britain.

"This deal means £16 billion of investment coming into the country and the creation of 25,000 jobs," said British Prime Minister David Cameron in a joint EDF-British government press release.

Two Chinese nuclear firms, CGNPC and CNNC, are expected to take a 30-40 percent stake between them, the statement added.

French energy firm Areva will provide the two EPRs or European Pressurized Reactors, taking a 10-percent stake in the project.

If the deal is confirmed next year, the power station, in south-west England, will be up and running by 2023, the statement said.

"Today we have a deal for the first nuclear power station in a generation to be built in Britain," added Cameron.

"This also marks the next generation of nuclear power in Britain, which has an important part to play in contributing to our future energy needs and our longer term security of supply."

The accord also agrees a guaranteed price for the energy produced by the two reactors, which had been a major sticking point in the negotiations between the firm and the government in London.

Don't miss a story about France - Join us on Facebook and Twitter

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university tackling the challenges of tomorrow

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement