Britain to build Europe's first nuclear plant since Fukushima [View all]
Source: Reuters
Britain to build Europe's first nuclear plant since Fukushima
By Karolin Schaps and Geert De Clercq
LONDON/PARIS | Sun Oct 20, 2013 11:36am EDT
(Reuters) - Britain is set to sign a deal with France's EDF for the first nuclear plant to start construction in Europe since Japan's Fukushima disaster raised safety concerns worldwide, at a cost estimated at around $23 billion.
Under the deal, to be announced on Monday, the French state-controlled utility will lead a consortium, including a Chinese group, to construct two European Pressurized Water Reactors (EPRs) designed by France's Areva.
Industry estimates, based on other nuclear projects, put the cost at around 14 billion pounds or more than 16 billion euros.
EDF's long-time partner China General Nuclear Power Group (CGN), possibly in combination with China National Nuclear Corporation (CNNC), is expected to have a 30 to 40 percent stake in the consortium, with Areva taking another 10 percent, according to newspapers including France's Les Echos and Britain's Sunday Telegraph.
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Read more: http://www.reuters.com/article/2013/10/20/us-britain-nuclear-hinkley-idUSBRE99J06D20131020
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