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[181] [182] As of July 2021, over 100 Chinese engineers were working on Hinkley Point C, utilising their experience of building the first two operating EPR reactors, about 50 of whom were working on site. [183] Hinkley Point C was an issue in campaigning for the 2017 French presidential election, the first round of which was held in April 2017.
On 21 September 2015, the British government announced it would provide a £2 billion support package for Hinkley Point C as Britain's first nuclear power station in 20 years. [ 154 ] On 21 October 2015, during Chinese president Xi Jinping's state visit to the United Kingdom, EDF and CGN signed an investment agreement for the £18 billion (€ ...
Separately, the Government also awarded a CfD to Hinkley Point C nuclear power station, set at £92.50/MWh for a 35 year period. [8] This is 20 years longer than other CfD contracts. See §Cost to consumers of the Hinkley Point C article for further discussion on the costs.
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The new plants are to be Hinkley Point C and Sizewell C and will eventually produce up to 6.4 GW in total. [1] EDF initially entered the UK nuclear industry with the acquisition of British Energy in 2009. At the same time, EDF established NNB GenCo as a separate subsidiary for the construction of additional new nuclear plants.
EDF submitted its planning application in May 2020, declaring 25,000 job opportunities and 70% of investment being spent in UK. The plant will largely replicate Hinkley Point C design to reuse experience, lower cost and ensure high levels of safety. [59] The proposal was welcomed by Unite the Union. [60]
Horizon believed that the consensus of government and industry was that the Contract for Difference financing model used for Hinkley Point C nuclear power station, involving fully private sector financing, would not be used for subsequent nuclear plants, and discussions were held with government about alternative financing models. [25]
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