Originally published in Business Matters
Hinkley Point C will be built by France’s EDF with £6bn of Chinese investment. It is effectively subsidised by the UK taxpayer under the terms of the guaranteed “strike price” that will be paid by consumers for the electricity generated, reports City AM.
The Chinese state-backed firm that is investing in Hinkley, CGN, intends to take a majority stake in another reactor at Bradwell, in Essex. However, this has fuelled security concerns over Chinese involvement in UK strategic infrastructure.
“China has said it has ambitions to proceed with [Bradwell] but having China or a Chinese company running a nuclear reactor like that is always going to be difficult for national security concerns, so I’m not sure how you can bridge that gap,” said Alan Mendoza, executive director at The Henry Jackson Society.
Read the full article here