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    Government boosts Sizewell C nuclear plant with £100m funding


    January 27, 2022 - NICHOLAS EARL

     

      THE GOVERNMENT has allocated a further £100m for the Sizewell C project in Suffolk, hoping to lure further financing from private investors in the proposed nuclear power station.

      If constructed, Sizewell C would power the equivalent of about six million homes, as well as support up to 10,000 jobs domestically.

      While the project will still take at least a decade to reach operational status, business and energy secretary Kwasi Kwarteng believed the project was even more crucial following raised global gas prices, with flows increasingly vulnerable to geopolitical tensions between Russia and Ukraine.

      The minister also outlined that the project will ensure the country's energy supplies would be secure and boost its transition to greener energy solutions, while also incentivising investors to back future projects.

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