Sizewell C Power Station: China General Nuclear Power Corporation

Department for Energy Security and Net Zero written question – answered at on 17 April 2023.

Alert me about debates like this

Photo of Lord Haworth Lord Haworth Labour

To ask His Majesty's Government why they paid Chinese state-owned power group CGN over £100mn to withdraw from its proposed 20 per cent share of the Sizewell C nuclear power station project.

Photo of Lord Callanan Lord Callanan Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

Following constructive commercial negotiations, CGN decided to exit the project as part of the Government investment in Sizewell C. The agreement to secure their exit covered value of their shareholding, their contribution to the project’s development and a commercial return reflecting their work to date. The details of this arrangement are commercially confidential.

Does this answer the above question?

Yes2 people think so

No2 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.