UK Wants China Out Of Nuclear Power Project | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

UK Wants China Out Of Nuclear Power Project

The UK is ousting China's CGN from the Sizewell C nuclear power plant project, the Financial Times reported, adding that the options for the 20-percent stake that the Chinese company holds in the project will be sold to institutional investors or floated on the stock market.

Reports of the UK government's intention to remove the Chinese state-owned company from the nuclear power project first emerged in July, also by the Financial Times, which at the time wrote that the plan was to cut off CGN from all nuclear power projects in the UK amid a cooling off between the two countries that also saw the UK force China's Huawei out of its 5G network.

The growing animosity of the UK towards China came amid China's quashing of dissenters in Hong Kong, allegations of repressions against Muslim minorities such as the Uyghurs, and a growing concern—not only in the UK—that reliance on Chinese technology threatens the security of other countries' supply chains and critical infrastructure.

The Sizewell C nuclear power plant, to have an installed capacity of 3.2 GW, is 80-percent owned by French EDF. The project would cost $27 billion (20 billion pounds) to build, of which CGN was supposed to provide 20 percent.

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