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China to invest in UK nuclear

George Osborne has announced that the Government is to give the go ahead to Chinese firms taking a stake in the development of the next generation of British nuclear power.

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DECC: Agreement on Hinkley Point not yet finalised

The Department of Energy and Climate Change (DECC) has issued this statement following the Chancellor's announcement that he is "paving the way" for Chinese investment in British nuclear power plants, including potentially the one at Hinkley Point:

Negotiations remain on-going between Government and EDF Group on the potential terms of an investment contract for Hinkley Point C – with an agreement yet to be finalised.

– DECC statement

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