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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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DinoNavarre
To: DinoNavarre who wrote (6326)9/10/2020 9:24:41 AM
From: elmatador1 Recommendation  Read Replies (1) of 13858
 
After Huawei came the China General Nuclear Power Group (CGN).

The state-owned Chinese firm has invested 3.8 billion pounds (€4.1 billion, $4.3 billion) in Britain to date, mainly in the Hinkley Point nuclear plant under construction in Somerset, southwest England, and the Sizewell plant in eastern England. It is also seeking UK regulatory approval to build its own nuclear reactor at Bradwell in Essex, east of London.
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China warned the UK it would face "consequences if it chooses to be a hostile partner" after London announced its Huawei's decision. Liu Xiaoming, the Chinese ambassador to the UK, reportedly said China could cut its backing for UK nuclear plants altogether.


Years of Chinese involvement in UK nuclear industryCGN's involvement in the UK nuclear industry began in 2016 when a deal was signed with French state-owned utility Electricite de France (EdF) to collaborate on three reactors totaling 8.7 gigawatts (GW) of power generation, starting with Hinkley Point. The agreement spoke of CGN's "progressive entry" into the UK's "resurgent" nuclear ambitions.

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https://www.dw.com/en/uk-nuclear-power-the-next-huawei/a-54631808
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