EDF chairman Jean-Bernard Levy has welcomed a multi-billion pound deal signed with Chinese nuclear firm CGN.
The deal will see the construction of an £18bn new nuclear plant at Hinckley Point in Somerset, as well as the joint development of nuclear projects in Sizewell, Suffolk, and Bradwell, Essex.
Today marks a big step forward for EDF's 30 year partnership with our Chinese partner CGN.
Our ambitious nuclear projects are strongly supported by the governments of the UK, China and France and they will bring benefits to all three countries.
I am confident that our experience and ability mean we will successfully deliver Hinkley Point C and subsequent projects.
We are planning for a final investment decision within weeks so that we can move forward with construction.
Meanwhile, CGN chairman He Yu said he was pleased to be moving into the UK's nuclear market.
This is also a triple-win for the existing nuclear energy partnership between China, France and the UK.
CGN is highly committed to delivering safe, cost efficient, and sustainable energy and to supporting the UK's goal of becoming a low-carbon society.
The building of a new nuclear power station in Britain will go ahead after China agreed to invest billions in buying significant stakes in Britain's industry, energy firm EDF has confirmed.
For £6 billion, the China General Nuclear Power Group (CGN) will take on a 33 per cent share of a new nuclear power station in Hinckley Point, Somerset - which will cost some £18bn in total.
CGN will also take on a 20 per cent stake in a nuclear project at Sizewell in Suffolk, helping build two more Areva-designed EPR reactors, and EDF has agreed to help the firm build a Chinese-designed nuclear reactor at a site in Bradwell, in which they will have a 66.5 per cent stake.
EDF said it may sell another 15 per cent stake in Hinkley Point to another partner at a point in future, but would keep a majority.
And the energy company said it will retain a 33.5 per cent stake in the Bradwell project.
Prime Minister David Cameron will seal a multi-billion pound deal with China to help build the UK's first nuclear power plant in a generation.
Chinese president Xi Jinping is expected to sign off the deal this afternoon.
But with the country's steel industry hanging in the balance, Cameron is coming under huge pressure to refocus his energies.
ITV News political correspondent Emily Morgan reports:
Chinese investment in the first nuclear power plant for a generation is set to be confirmed today.Read the full story ›
The first day of Chinese President XI Jinping's four-day visit to the UK ended tonight with a grand state dinner at Buckingham Palace.
Hosted by the Queen the dinner was attended by some 170 guests, with Prince Charles a notable absentee, and was marked by speeches from both her majesty and the Chinese premier.
It follows a full day of events for President Xi which included a speech in parliament and meetings with the Queen, Prince William, Prince Charles and Labour leader Jeremy Corbyn.
The chants of protesters and supporters rang out along London's Mall on the first day of Chinese President Xi Jinping's visit to Britain.
Chants of 'Love China' rang out from people wearing t-shirts in the national colour red while others took the opportunity to protest against the nation's human right's record while bearing banners with the message "End autocracy. Democracy now!"
ITV News' Juliet Bremner reports:
The Duchess of Cambridge has made an appearance as a guest at her first state banquet at Buckingham Palace.
Dressed in a floor-length, red-beaded Jenny Packham gown and lotus flower tiara the mum-of-two was seated next to President Xi Jinping for a meal which is being held to mark the start of a four-day visit from the Chinese premier.
The dishes being served up to the state banquet's 170 guests will be:
- Fillet of West Coast turbot with lobster mousse
- Roasted loin of Balmoral venison in a Madeira and truffle sauce with braised red cabbage, cocotte potatoes
- Timbale of celeriac and butternut squash
- Delice of dark chocolate mango and lime
- Fruits de dessert
The Queen has officially welcomed Chinese President Xi to Britain by making a speech at a state banquet held in his honour.
Describing the relationship between the UK and China as "truly a global partnership" based on "mutual understanding and friendship" she said there were many reasons to celebrate economic relations between the two countries.
Political leaders have arrived for a state banquet at Buckingham Palace.
Prince William and Chinese President Xi Jinping have discussed a shared commitment to tackling the illegal wildlife trade during a one-to-one meeting at Buckingham Palace.
The Prince, who delivered a speech on the illegal ivory trade yesterday which was broadcast on Chinese state television, reportedly used the meeting as an opportunity to reiterate to President Xi his belief that China can provide "vital leadership to help prevent the extinction of some of the planet's most iconic endangered species".