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Business / Economy

Chinese money flows into UK

By Cecily Liu (China Daily) Updated: 2015-02-02 07:31

Major Chinese investments in the United Kingdom

1. Hinkley Point C Nuclear Power Station

Total investment: 14 billion pounds ($21 billion)

Timeframe: Operation to commence in 2023 if built on time

Chinese investors: A combined 30 to 40 percent stake in the consortium from China General Nuclear  Power Group and China National Nuclear Corp

The two planned reactors are at Hinkley Point C in Somerset.

The project is awaiting a final investment decision after the European Commission gave its project approval in October.

Cooperation between EDF Group of France, the lead investor, and its Chinese partners on Hinkley Point C was first announced by British Chancellor of the Exchequer George Osborne when he visited China in October.

In March, EDF signed a global partnership in the nuclear field with China General Nuclear during President Xi Jinping's visit to France.

Nigel Cann, Hinkley Point C construction director with EDF Energy, says its Chinese partners can bring valuable experience from the construction of nuclear projects in China.

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