China, Bradwell

Posted: 11th November 2020

China’s ambition to build a nuclear plant in Essex will likely fail on
national security grounds. The new national security and investment bill,
aiming to give the government sweeping powers to block foreign takeovers
and investments, will inevitably be viewed through the lens of China and
new nuclear power plants in UK. That is, indeed, one way to look at it.
Even before the Huawei 5G saga and Beijing’s introduction of draconian
security laws in Hong Kong, the mood had cooled on Chinese ownership of
critical UK infrastructure. David Cameron’s government in 2014 promised
“progressive entry” into UK nuclear to China General Nuclear, the
state-backed firm that owns a 33% stake in Hinkley Point C in Somerset and
has ambitions to build its own plant in Bradwell in Essex. That entry
ticket will surely have to be cancelled.

Guardian 11th Nov 2020

Please click on the link below to read the full article.

https://www.theguardian.com/business/nils-pratley-on-finance/2020/nov/11/uk-security-bill-signals-open-door-era-for-foreign-takeovers-is-over