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5 news articles found
The UK is to invest GBP679 million (USD815 million) and become a 50% partner with EDF in the Sizewell C nuclear project. The money "allows for China General Nuclear's exit from the project, including buy-out costs, any tax due and commercial arrangements".
- Source: World Nuclear News
- Date: Wednesday, 30 November 2022
- Original article: world-nuclear-news.org/Articles/UK-government-takes-50-stake,-gives-go-ahead-for-S
The application for the construction of Sizewell C power plant in Suffolk, in the east of England, has been granted development consent by the Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng.
- Source: World Nuclear News
- Date: Thursday, 21 July 2022
- Original article: world-nuclear-news.org/Articles/UK-government-approves-Sizewell-C-nuclear-power-pl
The British government has published documents which show "significant progress" towards implementing a Regulated Asset Base (RAB) funding model for new nuclear power projects. It has set out its case for the Sizewell C project to receive funding under the model and launched a consultation on how projects would receive RAB financing.
- Source: World Nuclear News
- Date: Wednesday, 15 June 2022
- Original article: world-nuclear-news.org/Articles/UK-government-confirms-Sizewell-C-eligible-for-RAB
The UK government has announced the launch of GBP120 million (USD146 million) in funding to support development of new nuclear energy projects, stimulate competition in the industry and unlock investment across the UK. The Future Nuclear Enabling Fund (FNEF) will help to realise the government's ambition to approve eight new reactors by 2030.
- Source: World Nuclear News
- Date: Saturday, 14 May 2022
- Original article: world-nuclear-news.org/Articles/UK-launches-funding-to-encourage-nuclear-new-build
The Nuclear Energy (Financing) Bill, which will use the Regulated Asset Base (RAB) model to fund future nuclear power stations in the UK, has today been set out by the country's Business Secretary Kwasi Kwarteng. The new funding model is expected to attract a wider range of private investment into new nuclear power projects, cutting the cost of financing them and reducing the cost to consumers.
- Source: World Nuclear News
- Date: Wednesday, 27 October 2021
- Original article: world-nuclear-news.org/Articles/UK-government-adopts-new-financing-model-for-nucle