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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

UK strikes deal with private investors to build £38bn Sizewell C nuclear power plant

Illustration from EDF of Sizewell C nuclear power plant in Suffolk
Sizewell C was first earmarked for new nuclear development in 2010. Photograph: EDF

The UK government has struck a deal worth more than £38bn with private investors to back Britain’s biggest nuclear project in a generation, at the Sizewell C site on the Suffolk coast.

The long-awaited multibillion-pound deal, which will be paid for through taxes and energy bills, gives the final go-ahead for construction of the nuclear project, which has almost doubled in cost from when it was first proposed.

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