Getting climate, energy & environment news right.

British Government to Spend $19 Billion on New Nuclear Plant

The British government said on Tuesday that it would spend as much as 14.2 billion pounds, or about $19 billion, on constructing a nuclear power station, a project that is expected to create 10,000 jobs and help light up six million homes.

The decision likely means that the giant plant called Sizewell C, whose site on the East Suffolk coastline was first identified by the government in 2009, will receive a go-ahead. Much of the funding will come from the government.

EDF, the French state-owned energy group, will build the plant. According to a recent filing, it owns 12 percent of the project with the British government holding the rest. Britain hopes to attract other funding.

Read more in the New York Times here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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