New nuclear plant at Sizewell

A major investor in a proposed new nuclear power station at Sizewell in Suffolk has pulled out of the project. Centrica says it's taken the decision because the costs have increased and the construction timetable has got longer.

Reports about state funding for nuclear energy

The energy company behind plans to build a new nuclear power station in Suffolk is reportedly asking for financial backing from the Government. EDF Energy has just completed a consultation about their proposals for Sizewell C.

Last week Centrica, who were to invest in the project, announced they were pulling out of the deal.

EDF says it won't comment on the reports and the Department for Energy & Climate Change told ITV News Anglia it will not give a running commmentary on discussions regarding nuclear projects.

Sizewell C plans - could be delayed but not cancelled

Investor Centrica pulled out of Sizewell
Investor Centrica pulled out of Sizewell Credit: Richard Knights/ITV Anglia

Plans for a new nuclear reactor - Sizewell C, in Suffolk - could be delayed but not cancelled after one of the major backers pulled out. Centrica says it's taken the decision because the costs have increased and the construction timetable has got longer.

But experts and politicians say confidence is high that new investors will make up the shortfall.

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Sizewell investor pulls out

Sizewell investor pulls out
Sizewell investor pulls out Credit: ITV Anglia

A major investor in a proposed new nuclear power station at Sizewell in Suffolk has pulled out of the project.

Centrica says it's taken the decision because the costs have increased and the construction timetable has got longer.

The company had a 20% stake in plans to build two new reactors at Sizewell and two at Hinkley Point in Somerset. It's not yet clear what impact today's decision will have on the plans for Sizewell. EDF which is the majority shareholder in the project has yet to comment.

In a statement EDF Energy said:

"Our ambition and commitment to developing new nuclear at Sizewell remain unchanged and we look forward to reviewing the important feedback we are receiving from the stage 1 consultation which concludes this week."