UK government approves nuclear power plant backed by China but adds conditions

The British government has given the go-ahead for a controversial nuclear power plant financially backed by China, after promising steps would be taken to protect critical national infrastructure.

In so doing, London addressed domestic concerns over the project while keeping relations with Beijing on track, all while ­ensuring Chinese companies’ ­involvement in key British ­infrastructure was kept in check in the future, analysts said.

China General Nuclear Corporation (CGN), which is leading a Chinese consortium’s participation in the project, said it welcomed the British decision on the Hinkley Point C nuclear power plant. The deal is key for China as it could help the country eventually export its nuclear technology to developed country markets.

British Prime Minister Theresa May announced a review of the £18 billion (HK$184 billion) project, led by France’s EDF, when she took office more than two months ago. The government said in a statement on Thursday it would impose new security safeguards on future foreign investment in critical infrastructure, and ensure stakes could not be sold without its consent.

Why Britain’s Hinkley nuclear reactor is a horror show, with or without China

“Having thoroughly reviewed the proposal for Hinkley Point C, we will introduce a series of measures to enhance security and will ensure Hinkley cannot change hands without the government’s agreement,” energy secretary Greg Clark said in a statement.

“Consequently, we have ­decided to proceed with the first new nuclear power station for a generation.”