China will reportedly be banned from investing in UK nuclear sector

Reports suggest that new rules could prevent China from further investing in the £20bn Sizewell C nuclear power project

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New regulations will reportedly prevent China from continuing to invest in the UK’s nuclear power stations on security grounds.

According to Mail on Sunday, Ministers are going to formally forbid any further involvement by China’s General Nuclear Power Group (CGN) in the £20bn Sizewell C nuclear power project.

The report suggests the Treasury is examining options to use pension funds to fill the funding gap that will be created by the absence of Chinese investments.

CGN is currently a 20% investor in the Sizewell C project which is subject to project’s Final Investment Decision.

Located in the Suffolk coast, the EDF-led proposed project is forecast to create up to 8,000 local jobs during its construction.

A government spokesperson said: “We welcome inward investment in our infrastructure, and all investment involving critical infrastructure like nuclear is subject to thorough scrutiny and needs to satisfy our robust legal, regulatory and national security requirements.

“CGN already has a stake in the Hinckley Point C project under construction which has gone through this robust process. Negotiations on the Sizewell C project are ongoing and no decisions, including on the final configuration of investors, have been made.”

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