Sizewell C nuclear power plant to cost £38bn

ODN

Sizewell C nuclear power plant construction to cost £38bn as investors sign deal. Chancellor Rachel Reeves said the development would reduce the UK’s reliance on “foreign dictators” for energy. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00really excited today to be able to announce a final investment decision for

00:04size will see this is something that politicians have spoken about for years

00:10and today we are actually delivering this is a public-private consortium we as a

00:17government are putting in money but that means that government taxpayers can get

00:22a return on that investment but it's also backed by EDF by Centrica the owners

00:27of British gas and by one of the big Canadian pension funds so this has got

00:33both public and private backing and it's possible because of the decisions that I

00:37made in the budget and the spending review to boost our energy security to

00:42invest in cleaner cheaper energy so that we're not at the mercy of foreign

00:47dictators for our basic energy needs anymore

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