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UK to Invest $19 Bln in Sizewell C Nuclear Plant

Israa Farhan The UK government has announced a significant investment of £14.2 billion ($19.2 billion) to support the construction of the Sizewell C nuclear power station in Suffolk, aiming to usher in a new era of abundant, low-carbon energy. The move marks one of the country's largest ever investments in clean energy infrastructure and is a cornerstone of Britain's long-term energy security strategy. The Sizewell C project, in development for over a decade, is projected to cost over £40 billion in total. With this new funding, the UK government's overall financial commitment now stands at £17.8 billion. The plant, once operational, will generate 3.2 gigawatts of electricity, enough to power around 6 million homes, and create up to 10,000 new jobs, according to UK Chancellor Rachel Reeves. This nuclear facility is designed as a replica of the Hinkley Point C station, which has experienced delays and budget overruns. Like its predecessor, Sizewell C is expected to play a critical role in reducing the UK's reliance on fossil fuels, alongside a growing fleet of offshore wind farms. Nuclear energy provides a stable, low-carbon electricity source, essential for meeting the UK's net-zero goals. The announcement comes ahead of a comprehensive government spending review, to be unveiled by Chancellor Reeves, covering all sectors from the National Health Service to defense. The new funding for Sizewell C is also part of a broader strategy to revitalize the UK's nuclear sector, including upcoming support for small modular reactor (SMR) development. Shortlisted candidates for the SMR program include a Rolls-Royce-led consortium and a partnership between GE Vernova and Hitachi Ltd. Despite this significant public investment, the Sizewell C project still requires a final investment decision, which hinges on securing private sector funding. Government officials are expected to court international investors at the upcoming Anglo-French summit in London next month. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean