Chinese Premier expected to sign UK nuclear deal

Chinese Premier expected to sign UK nuclear deal

Chinese Premier Li Keqiang at Downing Street in January 2011, when he was Vice Premier. Image: Thinkstock
Chinese Premier Li Keqiang at Downing Street in January 2011, when he was Vice Premier. Image: Thinkstock

The Chinese Premier is expected to sign a deal for China’s investment in a new British nuclear power plant this week.

ELN understands China’s senior politician, Li Keqiang, who is in the UK for a state visit with Prime Minister David Cameron is likely to put pen to paper on Anglo-Chinese nuclear co-operation.

This could include support for the £16 billion Hinkley Point C project.

China’s National Nuclear Corporation (CNNC) and China General Nuclear Corporation (CGN) have agreed to back the project with EDF Group and AREVA, in a consortium called NNB GenCo.

However the Chinese firms have yet to cement any deal.

The Asian superpower is building 18 nuclear plants and a deal with the UK would give it a foothold in Europe to sell its nuclear expertise.

Britain – which has not developed its own nuclear technology for decades and will rely on French and US-Japanese designs in future – would benefit from this Chinese experience.

Read more here http://www.energylivenews.com/2014/06/16/exclusive-chinese-premier-hoped-to-sign-uk-nuclear-deal/?utm_source=feedly&utm_reader=feedly&utm_medium=rss&utm_campaign=exclusive-chinese-premier-hoped-to-sign-uk-nuclear-deal

Source: Energy Live News

 

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