News about negotiations between the Chinese and the UK over nuclear power plant investments. “The state-owned Chinese nuclear group that is in talks to invest in Britain’s new nuclear program wants greater operational control of any new plants it finances, potentially creating a national security headache for the government.
China General Nuclear Power Group (CGN), is in talks with EDF of France on sharing the cost of building a new plant at Hinkley Point, Somerset, which has an estimated price tag of £14bn. But CGN has made it clear to EDF that it will only proceed if it is given more of a say in running other plants the two companies build together in the UK, according to people familiar with the talks.
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