sep 25, 2015 - The chancellor used his visit to China to secure support from Chinese investors
Description:
George Osborne needs two of China’s nuclear companies to invest in the plant to appease EDF, the company behind the plant.
Beijing holds the key to Hinkley because state-controlled EDF wants two of China’s nuclear companies to commit as investors before it gives the green light.
Hinkley is being touted as a vital energy project, but its status as a prized private sector investment, relying on the support of politicians in China, is less easy to justify. Ultimately, ministers in Beijing want to showcase their own nuclear technology to the world by building their own plant at Bradwell in Essex, something agreed by Osborne in return for the Hinkley investment.
https://www.theguardian.com/politics/2015/sep/25/george-osborne-presses-on-with-hinkley-power-station-despite-criticism
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