It was never very likely that the government would allow a Chinese state-owned company to build a nuclear power station in Britain. So news that it is now looking for ways to remove China General Nuclear Power Group (CGN) from future nuclear projects hardly comes as a surprise. Under the terms of a deal struck in 2015 CGN was to take minority stakes in two French-led new nuclear power stations, Hinkley Point C and Sizewell C, while taking a majority stake in a third, Bradwell in Essex, which would use CGN's own technology. This deal, first agreed by the coalition government, was approved with only minor alterations by Theresa May after a review concluded that Britain's robust regulatory and technological safeguards were sufficient to protect against any threats to national security. Whether or not that assessment was right, the political context has since changed. The mood in parliament, particularly among Conservative MPs, has turned decisively against China, making it inconceivable that any government could allow China to build such sensitive national infrastructure. CGN was blacklisted from US government contracts in 2019 after being accused by the Trump administration of technology theft. That has made it harder for France's EDF to attract the infrastructure investors that it needs to make Sizewell C financially viable. The risk is that China does not take its rejection well and the entire three-part deal unravels, with CGN withdrawing from Hinkley Point C in protest. That could leave EDF with a further shortfall of up to £4 billion. Times 26th July 2021 https://www.thetimes.co.uk/article/the-times-view-on-chinas-role-in-nuclear-plants-power-play-v70d2r76k |
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