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.
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."
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The proposed new Sizewell C nuclear power station could create more than 5,500 jobs in the construction sector.
Plans are being released today by EDF Energy for building the new French designed European Pressurised Reactor, or EPR, on the Suffolk coast.
The EPR uses two nuclear reactors within the same single plant to produce 3.2 gigawatts of power.
Plans for a new nuclear reactor at Sizewell in Suffolk will go on show for the first time today.
The European Pressurised Reactor could cost upto 10 billion pounds to build.
EDF Energy, which has drawn up the plans, says the reactor could provide enough electricity for 5 million homes.
Checks are being carried out at Sizewell nuclear power station on the Suffolk coast after an automatic shutdown was triggered.Read the full story ›
Checks are being carried out at Sizewell nuclear power station on the Suffolk coast after an automatic shutdown was triggered on Wednesday afternoon.
A spokesman for EDF Energy said: "The reactor was safely shut down with the plant responding as expected and at no time was anyone's safety at risk."
Sizewell B normally supplies enough electricity to power two million homes.
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