China may own UK’s nuclear stations | Climate News Network
▻http://www.climatenewsnetwork.net/2013/10/china-may-own-uks-nuclear-stations
Britain, a pioneer of nuclear power, is handing over its industry to the French and Chinese in a move likely to see a doubling of electricity prices.
LONDON, 17 October – The Chinese are to help finance and build a new generation of nuclear power stations in the United Kingdom, helping out the French giant EDF which can no longer afford the £14 billion cost of the first station on its own.
The agreement, announced in China by George Osborne, the British Chancellor of the Exchequer [Finance Minister] at the end of a visit, is bound to be controversial. Initially the Chinese will take only about a 30% interest in this first station, but in future reactor building programmes they will be allowed to own a majority stake.