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Hinkley Point contract to be signed Thursday
by Staff Writers
Paris (AFP) Sept 28, 2016

The contract to build Britain's first nuclear power plant in a generation will be signed Thursday in London, a source familiar with the deal said.

The scheduling of the signing follows the approval late Tuesday by the board of French energy company EDF of the new conditions set by the British government for the project to go forward.

London on September 15 gave the green light for the construction of the 18 billion pound (21 billion euro, $23 billion) complex, but set the condition that EDF pledge not to cede majority control of the project.

Britain's Prime Minister Theresa May caused shockwaves in July by ordering a review of the deal on security concerns given the involvement of Beijing's state-run China General Nuclear Corporation (CGN).

EDF, which is majority-owned by the French state, is to finance 66.5 percent of the construction of Hinkley Point and CGN 33.5 percent.

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Previous Report
Britain approves Hinkley Point nuclear deal
London (AFP) Sept 15, 2016
Britain finally gave the go-ahead Thursday for Hinkley Point, its first nuclear plant in a generation, but set conditions to address concerns over China's role in a flagship project for Europe's nuclear sector. The announcement, welcomed by its French and Chinese backers, came two months after Prime Minister Theresa May caused shockwaves by ordering a review of the Pounds 18 billion (21 billion eu ... read more

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