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Centrica will take over a share of 15 percent in Great Britain SizeWell C nuclear project After years of delay and months of negotiations.
All pages would like to make a final investment decision for the project on July 21, before the break of Parliament on July 21, the people familiar with the discussions.
The final costs of SizeWell – only the second new nuclear power plant in a generation in Great Britain – Could be almost 40 billion GBPThe Financial Times reported in January due to the assumptions of industry experts. SizeWell’s management rejected this number, although no new estimate was given.
The planned investment by Centrica means that the FTSE 100 Energy Company Behind the British gas would have the same size of Sizewell C as the French state energy group EDF, which gradually reduced its position in the Suffolk project to 15 percent. Centrica already holds a 20 percent share in the company’s parent company, which operates the existing Nuclear assets from EDF in Great Britain.
Centrica and Edf rejected a comment.
The investment in Sizewell Could come in time For visiting French President Emmanuel Macron in London for an Anglo-French summit on July 8th. However, according to the persons familiar with the situation, the schedules have slipped and questioned this goal.
Brookfield Asset Management is still in discussions about a similar investment in SizeWell C and could be prepared to take on a larger proportion than Centrica, according to the people familiar with the discussions. Brookfield refused to comment.
Apollo, the US Private Capital Group, said it last week would deliver £ 4.5 billion GBP to financing To Edf to support the other main investments by the French group in a British nuclear power plant in Hinkley Point C in Somerset.
The British government focuses on nuclear power to support the British transition to low -carbon electricity with the Energie Minister Ed Miliband, which names it as a “golden age” for nuclear power.
The government said in a statement: “By taking control of our energy back, we will protect family finances, increase energy security and tackle the climate crisis.” It also added that 10,000 jobs are created by the construction of SizeWell C.
The Great Britain promised 11.5 billion GBP of the new state financing for the Suffolk Project at the beginning of this month, which so far take taxpayer investments to 17.8 billion GBP. The project claims that 7 percent of the energy requirement in Great Britain for at least 60 years and Power 6 million. -Thäuser deliver and creates 70,000 jobs in the entire supply chain.
Centrica previously confirmed his interest in the project, but Chief Executive Chris O’Shea refused to give details about the size of the share that could require it. In February, O’Shea said that the proportion could be “between 1 percent or 2 percent and 50 percent”.
SizeWell C was originally proposed by the EDF and China General Nuclear Power Group (CGN), but the British government has about 84 percent of the project after removing 2022 CGN for concerns about Chinese influence and spent 679 million GBP on tax money to buy its share.
