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UK nuclear plant deal hinges on ambitions of London, Beijing and EDF

A consortium led by EDF is expected to make a final decision this year on whether to invest in the gigantic project, estimated to cost £25 billion, which would be the first new nuclear power station in Britain in decadesPlans to build two next-generation nuclear reactors at Hinkley Point in southwest England are stalled at the crossroads of ambitions by Britain, China and French electricity giant EDF. A consortium led by EDF (Electricite de France) is expected to make a final decision this year on whether to invest in the gigantic project, estimated to cost £25 billion ($38.6 billion, 34 billion euros), which would be the first new nuclear power station in Britain in decades. The decision could hinge on China’s role in the consortium through its state-run firms China General Nuclear Corporation (CGN) and China National Nuclear Corporation.

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