Category: Nuclear Power Station

UK Government Backs £20 Billion Sizewell C Nuclear Plant and Says Chinese Company Not Involved

November 29, 2022
Business & MarketsChinaeconomic policieseconomyEDFenergyInvestmentNuclear Power StationSizewellUKWorld
0 Comment

Business secretary Grant Shapps has confirmed a Chinese company is “no longer involved” in plans for a new nuclear power station, Sizewell C, in Suffolk on the east coast of England. Shapps made the announcement on Tuesday as he confirmed the government was giving the go-ahead to the £20 billion ($24 billion) project—which the Treasury…

Read More

China Accelerates Nuclear Power Construction to Foster State-Owned Industry Giants

October 12, 2022
ChinaChina Business & EconomyChinese Regimeelectricity shortageHong KongNuclear Power StationState-owned enterprise
0 Comment

On the eve of the twentieth Chinese Communist Party (CCP) Congress, authorities accelerated the construction of nuclear power stations, the energy base to support CCP-controlled mega corporations intended to outcompete their global peers. “It is an attempt of the CCP to create industry giants through state monopoly, and to participate in global competition,” Shi Shan,…

Read More