Boris Johnson has approved the start of negotiations with EDF about funding a new £20 billion nuclear power plant despite concerns that taxpayers would foot the bill for any extra costs.
The government is considering backing Sizewell C, a twin-reactor plant in Suffolk. It could generate 3.2 gigawatts of electricity, enough to provide 7 per cent of Britain’s energy needs.
The move is a vital part of the prime minister’s pledge to reach net-zero emissions by 2050. Most reactors are due to shut down this decade, leading to fears of blackouts in the 2030s.
China General Nuclear Power (CGN), a Chinese state company, has a 20 per cent stake in Sizewell C but is thought to be planning to pull out, increasing the need