Summary
The UK government will become the main shareholder in the Sizewell C nuclear power plant, investing £14.2 billion. The project, now costing £38 billion, is expected to generate electricity for six million homes and create thousands of jobs.
Key Facts
- The government will own 44.9% of the Sizewell C nuclear plant.
- The project will also receive funding from EDF, Centrica, La Caisse, and Amber Infrastructure.
- The full cost of Sizewell C is estimated to be £38 billion.
- The project aims to provide power to six million homes.
- Sizewell C is expected to create 10,000 direct jobs.
- The UK government has committed £14.2 billion to the project.
- EDF will have a 12.5% stake, La Caisse 20%, Centrica 15%, and Amber Infrastructure 7.6%.
- France's export credit agency may offer a £5 billion debt guarantee.
