‘Centrica explores investment in £30bn Sizewell C’

The owner of British Gas is reportedly among bidders exploring a stake in the £30 billion Sizewell C nuclear plant

Centrica, the parent company of British Gas, has formally entered the race for a potential stake in the ambitious £30 billion Sizewell C nuclear plant in Suffolk.

Recent reports from energy industry publication PeakLoad indicate that Centrica is among at least four bidders that participated in the government’s initial pre-qualification process last month.

Chris O’Shea, the Chief Executive Officer of Centrica, has previously stated the company’s interest in Sizewell C, conditional on favourable terms.

The Sizewell C project is a joint venture between the UK Government and France’s EDF.

While they currently co-own the development, both entities aim to limit their stakes to 20% each during the construction phase.

The intention is to attract private sector investment to facilitate the project’s advancement.

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