Скачать или смотреть Will Sizewell C nuclear power plant create 10,000 jobs in the UK?

How will Labour’s £38 billion Sizewell C nuclear power plant impact the UK economy?

Energy secretary Ed Miliband has signed off on a £38bn deal to build Sizewell C, with Canadian investment fund La Caisse, British Gas owner Centrica and French state companies lining up to back the nuclear power station.

In a final decision signed off by Miliband, the government has agreed to be the largest equity shareholder in the project – which had been slated to cost £20bn – with an “initial” stake of 44.9 per cent.

The newly-created National Wealth Fund will provide the majority of Sizewell C’s debt finance alongside French public credit agency Bpifrance Assurance Export, which is providing £5bn in debt guarantee, to support its building. La Caisse will take a 20 per cent share in Sizewell C while Centrica’s stake will be 15 per cent.

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Produced by: Mauricio Alencar, Scarlett Wild, Emmanuel Nwosu

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