China-Funded Nuclear Project in U.K. Gets Final Go-Ahead

(Beijing) — The formal contract for a French-Chinese consortium to build Britain's first nuclear plant in more than two decades was signed in London on Thursday after months of delay due to controversy over the foreign funding.

The planned Hinkley Point C nuclear power station in southwestern England involving an 18-billion-pound ($23.4 billion) investment will be built by French energy group Electricite de France SA (EDF) and partly financed by Chinese nuclear power provider China General Nuclear Power Group (CGN).