UK To Build First Nuclear Power Plant in 18 Years
Deal struck with French company and Chinese investors
LONDON (AP) — Britain has signed a dealt with a French energy company and Chinese investors to build the country's first nuclear power plant in 18 years, ignoring concerns raised by the Fukushima meltdown in Japan as the U.K. seeks to secure its future energy needs and cut greenhouse gas emissions.
The government struck a deal with Electricite de France and a group of Chinese investors Monday to build the country's first nuclear power plant since 1995 — a massive project that will generate $25.9 billion of investment to keep the lights on amid declining supplies of North Sea gas and rapidly escalating fuel costs.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?