Chinese Investors Invited To Invest In British Nuclear Power...| MENAFN.COM

Friday, 21 January 2022 07:40 GMT

Chinese Investors Invited To Invest In British Nuclear Power Plants

(MENAFN- Qatar News Agency) British Chancellor of Exchequer George Osborne on Thursday invited Chinese companies to invest in Britain's nuclear power stations and stressed high-tech cooperation between the two nations. Osborne visited the construction site of Taishan Nuclear Power Plant in south China's Guangdong Province on Thursday during his four-day trip to Beijing and Guangdong that aimed at strengthening bilateral trade. "I've come here because I want to see Chinese investment in the British nuclear power industry," Osborne told Xinhua. Osborne said the U.K. government welcomes Chinese investment in Britain's next-generation nuclear programs, saying "it will deliver stable and lower energy bills for families in Britain" in the long term as well as create more jobs. The plant Osborne visited is a joint venture of China General Nuclear Power Corporation (CGN) and EDF of France. It is constructing two reactors with a combined installed capacity of 3.5 million kilowatts. The station is the world's third program that is using advanced EPR technology, which will also be used at the Hinkley Point C Program in Somerset, England, according to CGN. Earlier this week, the two governments signed a memorandum of understanding to pave the way for Chinese companies to invest in the construction of new nuclear power plants in Britain.

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