21 October 2015
EDF Energy has reached an agreement with China General Nuclear Power Corporation (CGN) for a nuclear power plant at Hinkley Point, Somerset.
It was confirmed at a news conference by Prime Minister David Cameron and Chinese President Xi Jinping.
The mainly state-owned EDF said the final cost would be 18bn. State-owned CGN will pay 6bn for one third of it.
EDF said it might sell another 15% stake in the project, but would maintain a majority holding.
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