UK Government approves Hinkley Point nuclear plant
After months of uncertainty about the future of the UK based £18bn nuclear plant, Theresa May and the British government have finally given the project the go ahead, it was revealed on Thursday.
Hinkley Point C, which is the UK’s first major investment into the nuclear sector for years, has been approved by the UK Government after “significant new safeguards” were created to protect national security.
There was huge suspicion from the government surrounding Chinese investment in the project, which is thought to make up 80% of the total investment. Theresa May quickly put a hold on the movement of the project due to fears about security, something the Chinese are receiving a lot of backlash for on a global spectrum.
China were clearly offended by the suspicion towards the country’s investment and warned Theresa May and the rest of the UK government that this could be detrimental to the two country’s energy cooperation moving forwards. In August, Theresa May wrote a letter to Chinese minister to ensure the further delays on Hinkley were appeased and understood.
Now the project has been approved, China is pleased with the decision and suspicion about the delays put on the project have seemingly dissolved.
"The decision of the British Government to approve the construction of Hinkley Point C marks the relaunch of nuclear in Europe." Said Jean-Bernard Lévy, group chief executive of EDF, the French utility firm constructing the plant.
China wants to use the plant’s design for new UK nuclear stations and will be investing the agreed state in Hinkley to develop a new nuclear power station in Suffolk, providing that the UK government will approve a Chinese-designed project in Essex.
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