Hinkley Point: ministers sign go-ahead for nuclear power plant
Thursday, September 29, 2016 at 8:43PM
Uranium Stocks

Representatives of British, Chinese and French governments attend ceremony giving final authorisation for power station

The UK has signed its £18bn contract with France and China to build the Hinkley Point C nuclear power station, giving the final go-ahead for construction at the site in Somerset.

The deal was finalised at a low-key ceremony in London, just two months afterTheresa May alarmed her French and Chinese counterparts by putting the entire project under review. EDF, the French nuclear contractor, and its Chinese partners had to cancel their previous plans for a signing ceremony at the last minute when the review was announced in July.

The project finally got approval this month, after Greg Clark, the business secretary, announced there would be some new restrictions on future investments in critical infrastructure if there were national security concerns.

Clark attended the signing ceremony on behalf of the UK, alongside Jean-Bernard Lévy, the chairman of EDF, and He Yu, chair of China General Nuclear.

Finally, they look like they have got there.....

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