LONDON (Sept 15): Britain gave the go ahead on Thursday for a US$24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France and put a question mark over Prime Minister Theresa May's investment policy. "Consequently, we have decided to proceed with the first new nuclear power station for a generation." But an aide to President Francois Hollande said May had called the French leader to say "she supported the launch of the Hinkley project". The government said it would take a "special share" in all future nuclear new construction projects to ensure that significant stakes cannot be sold without its consent. EDF and China General Nuclear Corporation (CGN) plan to build and operate a new nuclear power station at Bradwell-on-Sea in Essex, southeast England.

Source: The Edge Markets September 15, 2016 09:11 UTC