"The Sizewell C nuclear power plant in Suffolk will cost around £38 billion, with the UK government being the biggest equity shareholder in the project."
"Energy secretary Ed Miliband approved the final investment decision for Sizewell C, with the UK government holding a 44.9% stake."
"New investors in Sizewell C include La Caisse with 20%, Centrica with 15%, and Amber Infrastructure with an initial 7.6%."
"The nuclear plant is expected to deliver clean power for six million homes and save £2 billion annually in electricity costs once operational."
The UK government has approved the construction of the Sizewell C nuclear power plant in Suffolk, with a projected cost of £38 billion. The government is the largest equity shareholder, holding a 44.9% stake, while several new investors, including La Caisse and Centrica, have also joined the project. Energy secretary Ed Miliband's approval marks a significant commitment to nuclear energy. Once operational, the plant is anticipated to provide clean energy to about six million homes, yielding annual electricity savings of approximately £2 billion.
Read at www.independent.co.uk
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