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UK government gives green light for initial £2 billion support for Hinkley Point C

( September 21, 2015, 09:46 GMT | Official Statement) -- MLex Summary: Nuclear power stations are crucial to ensure “the lights stay on,” UK Chancellor of the Exchequer George Osborne stressed during his visit in China, adding that nuclear power is cost competitive and an important part of Britain’s energy mix. The UK government gave the go-ahead for an initial government guarantee of 2 billion pounds for a new nuclear power station planned for Hinkley Point C in Somerset. The new plant is expected to generate enough energy to supply 7 percent of the country’s needs. Osborne travelled to China to discuss investments into Britain’s nuclear industry....

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