Keir Starmer reveals plan for new £38bn nuclear power plant in Suffolk | UK | News
A new nuclear The government announced that it would cost £ 38 billion in Suffolk. Energy Security and Net Zero Department (Desnz) Energy Secretary on Tuesday, July 22 Ed Miliband He signed the last investment decision for development.
The government will be the largest equity shareholder in the project with its 44.9% shares. Among the investors in the new Sightwell C are La Caisse with 20%, Centica with 15%and Amber infrastructure with 7.6%. The French energy giant EDF announced that it received 12.5% shares at the beginning of this month – lower than 16.2% previously mentioned.
In a statement, Mr. Miliband said: “It is time to do big things in this country and to establish big projects – and today we are making a clean, home -made investment for millions of homes for generations.
“This government makes the investment to give a new golden age.
When done, Sightwell C will provide more than 60 years of power to the network and strengthen the equivalent of six million houses. It is expected to create about 10,000 jobs when it is operational. This is expected to be in the 2030s.
The supporters greet the plan by helping to increase the economy, strengthen energy security and reduce their confidence in fossil fuels.
The new nuclear power plant was first allocated for development in 2010. The cost of the construction of Dimensionwell C is almost twice the £ 20 billion estimated by the developer EDF five years ago.
Desnz insisted that the price tag was about 20% cheaper than the development of the Hinkley Point C nuclear power plant in Somerset.
La Caisse, based in Quebec, is the second largest corporate infrastructure investor in the world and is currently managed over 20 billion pounds in UK investments.
Chancellor Rachel Reeves said: “La Caisse, Centica and Amber’s billions of pounds of investment in England is a powerful approval as a global center for the best place to do business and a global center for nuclear energy.
“The new generation is vital for our energy safety and growth, so we support C..”
Centica’s General Manager Chris O’sshea said Sightwell C is a “compelling investment” for the country as a shareholders and a whole.
“This is not just an investment in a new power plant – this is Britain’s energy independence, our net zero journey and thousands of high quality work throughout the country.”
