UK Nuclear Industry Would Benefit From Chinese Investment, Says EDF Energy CEO

World Nuclear News reported that the head of EDF Energy said the UK’s nuclear industry will benefit from Chinese investment.
As quoted in the market news:

His comments came the day after the UK government announced up to £2 billion ($3 billion) in support for the planned Hinkley Point C nuclear power plant.
In an article published in British newspaper The Daily Telegraph on 22 September, EDF Energy CEO Vincent de Rivaz welcomed the announcement the previous day by Chancellor George Osborne during a trip to China that the UK would offer the guarantee. This is seen as an incentive to encourage China General Nuclear (CGN) and China National Nuclear Corporation (CNNC) to invest in the UK’s nuclear industry.
“I accept that not everyone is persuaded that it is a good thing,” de Rivaz said. However, he said he is convinced “this cooperation is an industrial opportunity with benefits reaching far beyond a single nuclear power station in Somerset.”
“The economic benefits of China’s investment in our new nuclear plants will be shared among businesses and workers across the country,” de Rivaz said. He noted that the Hinkley Point C project will mark the “biggest inward investment in British history” with the creation of up to 25,000 jobs during the plant’s construction. “Some of these jobs will be in Somerset but many more will be created across the rest of the country, with British companies on target to win contracts worth more than 60% of the value of Hinkley Point C’s construction.”
He added, “New nuclear projects won’t just boost British industry and skills here, they will also help the UK and France compete and win in a global market.”

Click here to read the full World Nuclear News report.