Caixin
Dec 14, 2016 07:48 PM
BUSINESS

Wintime Energy to Invest 400 Million Pounds in England's Hinckley Point C

(Beijing) — Chinese energy company Wintime Energy Co. Ltd. plans to invest 400 million pounds ($507 million) in Hinckley Point C, which will be the world's largest nuclear plant.

The investment will grant Wintime a 10% stake in Chinese consortium Definite Arise Ltd. and make Wintime the first private Chinese investor in the British project.

Wintime announced on the Shenzhen bourse Tuesday that Definite Arise is preparing to invest up to 7.95 billion pounds in the power station in southwestern England. Definite Arise originally agreed to fund a third of the 18-billion-pound project with approximately 6 billion pounds before financing costs, the single largest Chinese investment in Europe to date.

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