Changes will align the UK’s policy framework for ownership and control of critical infrastructure with other major economies.
On 15 September 2016, the UK Government announced its delayed approval of the proposed construction of the Hinkley Point C nuclear power station in southwest England with an agreement in principle with French company, EDF, the principal investor of the project. The project has also received significant investment from Chinese state-owned investors, who have indicated an interest in investing in other nuclear projects in the UK. The project is anticipated to cost £18 billion, and once operational will receive a guaranteed price of £92.50 for every megawatt of electricity produced.
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