Britain approves China-backed Hinkley Point nuclear plant deal after review of scheme | South China Morning Post

The British government said on Thursday it was giving the green light to a controversial new nuclear project at Hinkley Point after Prime Minister Theresa May ordered a review.

“Having thoroughly reviewed the proposals for Hinkley Point C, we will introduce a series of measures to enhance security and will ensure Hinkley cannot change hands without the government’s agreement,” Business Secretary Greg Clark said in a statement.

Beijing calls for British nuclear project financially backed by China to proceed.

“Consequently, we have decided to proceed with the first new nuclear power station for a generation.”

The board of French state-owned power company EDF approved its participation in the project in southwest England on July 28, only for Britain’s new government under May to announce hours later that it wanted to review it.China has a one-third stake in Hinkley Point and analysts have warned that Britain would have risked its relations with the world’s second-largest economy if it cancelled the costly deal.

Source: Britain approves China-backed Hinkley Point nuclear plant deal after review of scheme | South China Morning Post

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