The British government plans to take a 20% stake in the 3,340 MW Sizewell C nuclear project in Suffolk (United Kingdom). In addition, EDF is also to take an equal stake in the power plant. The two investments in the project are aimed at encouraging private investors to take up the remaining 60%. In January 2022, the UK government had pledged £100m (€120m) in funding commitment to support the continued development of the Sizewell C project, whose costs were recently revaluated by 11-18%, from £17-18bn (€19-20bn) to £20bn (€22bn).
The power plant, which will include two EPR reactors, was originally expected to be developed by EDF (80%) and its Chinese partner China General Nuclear Power Group (CGN, 20%). The project should be almost identical to the Hinkley Point C nuclear power plant that is being built by EDF and CGN in Somerset and could be commissioned in 2025-2026.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.