U.K. Government Weighs Equity Stake in New Nuclear Plants

(Bloomberg) — The U.K. government is considering taking an equity stake in new nuclear stations as part of the financing measures being put forward to try to get at least one more project built.

The U.K. Treasury is looking at having “a portion of equity from the government being invested” as a way of backing nuclear energy, Energy Minister Kwsai Kwarteng said on a panel at the ruling Conservative Party conference..

“It would be unrealistic” to say that all the finance questions have been resolved, he said. “There is a broad strategic commitment and the way in which the finance is arrived at and categorized are questions for further debate.”

Britain’s pipeline of nuclear projects has shrunk to just one — Electricite de France SA’s Sizewell C. The government says it’s committed to nuclear as a low carbon form of generation but whether any more stations are built hinges

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