The Chancellor George Osborne will agree a deal this week that will see a Chinese firm become one of the main players in the building of a new nuclear power plant for Hinkley Point. It's a move that is welcomed by businesses in the area that will benefit.
Bob Constantine reports.
The Government announced in 2010 that Hinkley Point was one of 8 sites suitable for a new reactor. Then in 2011, EDF submitted a plan for development of a new reactor at the site, Hinkley Point C, and a new nuclear licence was awarded in 2012 - the first since 1987.
But since then the Government and EDF have been negotiating over the proposals, with a major sticking point being the guaranteed price paid for energy produced by the new reactor.
If the construction goes ahead the reactor could supply up to 7% of the country's energy needs.
The Energy Secretary Ed Davey has hinted that a new deal to build a reactor at Hinkley Point is close. Speaking at the weekend he said that Britain's energy sector was set to benefit from billions of pounds of investment from the Far East.
Mr Davey said "The Chinese, along with the Japanese and the Koreans are very interested in the opportunities in the British nuclear sector. I think it is really possible we will see massive Chinese investment".
Recent reports have suggested that the Chinese are set to take a stake in the consortium seeking to build the new reactor at Hinkley Point in Somerset
The Japenese company Hitachi has signed a deal to start building a nuclear reactor in Oldbury in South Gloucestershire. The controversial scheme had been in doubt when the previous owners pulled out.
But Hitachi says it could create six thousand construction jobs and a further thousand permament positions after that. The reactor could feed electricity into the national grid in about ten years' time. Bob Constantine reports.
Plans for a new nuclear plant at Oldbury in South Gloucestershire are back on track after the announcement that electronics firm Hitachi is taking over Horizon, the nuclear project behind them.
It will mean 5 to 6 thousand jobs during construction and a thousand permanent posts when the site starts operating early in the 2020s.
The former Oldbury plant reopened in 1967 and was site was decommissioned in February 2012.
The government's draft Energy Bill, being published today, aims to answer important questions of vital importance to the West CountryRead the full story ›
The National Grid is testing new pylons to see if they could be used to take power from the proposed nuclear reactors at Hinkley Point. There have been big protests against the prospect of giant structures across Somerset. It is hoped this shorter design, by a Danish firm, might be the answer.
National Grid is also looking in detail at the route planned between Hinkley Point and Avonmouth to see if the cable can be run underground at any point.
The huge loads were being taken from a shut down nuclear power station to sharpness docksRead the full story ›
From our Gloucestershire Correspondent Ken Goodwin:
"The whole journey to Sharpness docks took several hours, crawling along at a snail's pace. At the docks the boilers were loaded onto a giant barge, from where they will go to Avonmouth, then it's on to Sweden for recycling."