Private investment process begins

In another huge step forward for Sizewell C, the government has launched the formal process to raise private investment for the power station.

The announcement follows positive engagement with investors who now have their first opportunity to formally register their interest in being part of the project.

Investors are being invited to take part in a pre-qualification process which will help to identify those with substantial experience in delivering large infrastructure projects.

DESNZ Secretary of State, Claire Coutinho said: “Investing in Sizewell C is an exciting opportunity to be part of the UK’s nuclear revival – delivering clean, reliable, and affordable power for generations to come.”

Investors who meet the relevant criteria will be invited to formal negotiations on a potential equity stake in Sizewell C.

Sizewell C Company Joint Managing Director, Julia Pyke, said: “Investors who participate in Sizewell C would be contributing to one of the biggest clean energy projects in the UK.

They should feel confident in our proposals as we are building a replica project with government backing, a mature reactor design and a workforce ready to build it.

We look forward to starting the main site construction and delivering this vital project which will reduce costs for consumers and help to create a future-proof low-carbon energy system for Britain.”

More detail can be found in the government’s press release and the Written Ministerial Statement.