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Sizewell C nuclear power plant to cost £38bn

Video Credit: ODN - Duration: 00:50s - Published
Sizewell C nuclear power plant to cost £38bn

Sizewell C nuclear power plant to cost £38bn

Sizewell C nuclear power plant construction to cost £38bn as investors sign deal.

Chancellor Rachel Reeves said the development would reduce the UK’s reliance on “foreign dictators” for energy.

Report by Gluszczykm.

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Sizewell C nuclear power station Sizewell C nuclear power station Proposed nuclear power station

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Chancellor Rachel Reeves has signed off on £14.2 billion of investment to build the new Sizewell C nuclear power plant in Suffolk, while Rolls-Royce has been named as the preferred bidder to build small modular reactors (SMRs) in a programme backed by £2.5 billion of taxpayers' cash. It follows the government’s U-turn yesterday on winter fuel payments and comes the day before the chancellor’s spending review. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 04:17Published
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Sir Keir Starmer promised there would be no more “dithering” about backing nuclear power as the Government committed to the Sizewell C plant. The prime minister said the “change of mindset” would help free the UK from reliance on international fossil fuel markets and prevent price spikes such as those in the wake of Vladimir Putin’s invasion of Ukraine. Speaking at a college in Ipswich, Sir Keir said: “No more dithering, no more delay, no more being unclear about what we’re going to do, a real statement of intent as we go forward.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:23Published
Reeves announces £14bn for Sizewell C at GMB conference [Video]

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Rachel Reeves told the GMB Congress Labour is “investing in the biggest roll out of nuclear power in a generation,” announcing £14.2 billion for Sizewell C. She said energy security is “national security” and confirmed support for small modular reactors and fusion. The Sizewell project will power six million homes and create 10,000 jobs, including 1,500 apprenticeships. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:32Published
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Credit: ODN    Duration: 02:01Published

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UK strikes deal with private investors to build £38bn Sizewell C nuclear power plant

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