One of the aspirations of the UK government’s energy policy is that a certain proportion of the country’s power should come from nuclear sources. However, this goal has been threatened by the reluctance of investors to build new reactors. Only one European venture, EDF Energy, has put forward a firm proposal to do so.
The government must accordingly decide whether to relax its criteria to encourage more bidders to enter the fray. As questions of safety and design are non-negotiable, what this means in practice is opening the door to a wider range of foreign investors.
Two Chinese consortiums are jostling at the threshold, holding discussions about buying into the Horizon reactor programme.
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