The Government has announced details of a deal to build Britain's first new nuclear power station in a generation. The site - at Hinkley Point in Somerset - will be developed by a consortium led by the French energy giant, EDF, and will include Chinese investment. It will take ten years to complete and cost 14 billion pounds - the upfront cost will be paid for by the private sector. In return EDF will be given a guaranteed price for its electricity - 92 pounds 50 for every megawatt hour of power which is around twice the current wholesale cost of electricity.
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.