The UK government has asked major infrastructure companies with deep pockets to come forward to invest in Suffolk’s Sizewell C nuclear power station.
Ministers are looking for companies with “significant experience” in delivering major infrastructure projects, preferably with experience of large nuclear projects.
The government and French energy giant EDF are jointly investing in the Sezwell plant, which is expected to cost around £20 billion. But now they need more backers to raise the money to build the plant.
Very few companies worldwide meet the criteria of having relevant experience and being able to “hold a meaningful stake in the company”.
The government will also prohibit investment from companies that do not pass “stringent national security checks”, further reducing the pool of potential investors.
National security concerns have already affected the Sizewell C project.
“Investing in Sizewell C is an exciting opportunity to be part of the UK’s nuclear renaissance, providing clean, reliable and affordable electricity for future generations,” Energy Security and Net Zero Minister Claire Coutinho said on Monday.
“This project will create thousands of jobs, provide power to 6 million homes, and will enhance our energy security.”
“We are committed to securing good value for taxpayers and look forward to seeing strong and competitive bids to be part of this exciting project.”
