A new British industrial consortium formed by 32 companies is calling on the government to approve the proposed Sizewell C nuclear power station, saying it will boost the country’s post Covid-19 recovery by injecting billions into the UK’s green economy and net zero ambition
France’s EDF and China General Nuclear Power Corporation are 80% and 20% shareholders in the project to build two Generation III ER units on the Suffolk coast in southeast England. The cost of the project has been estimated at £18bn, although this has not been confirmed by either EDF or CGN.
The consortium believes Sizewell C will provide a major economic boost for the UK and set the country on the road to a green recovery. It said work could begin this year, involving contracts worth up to £300m, adding that it intends to sign agreements with UK regions to guarantee jobs and investment.