Latest news with #powerplant
Wall Street Journal
17 hours ago
- Business
- Wall Street Journal
U.K. Government Approves $51 Billion Sizewell C Nuclear Power Plant
The U.K. government approved the 38 billion-pound ($51.27 billion) Sizewell C nuclear power plant in southeast England, becoming the project's biggest shareholder. The government said Tuesday that it will take an initial 44.9% stake in the 3.2 gigawatt nuclear power station under construction in Suffolk. The other investors include the pension fund La Caisse with a 20% stake, U.K.'s Centrica CNA 3.77%increase; green up pointing triangle with 15%, French energy giant EDF with 12.5% and Amber Infrastructure with an initial 7.6% stake.
Bloomberg
17 hours ago
- Business
- Bloomberg
Sizewell Secured
Morning, I'm Louise Moon And there we have it. After a 15-year marathon, made more urgent by Russia's invasion of Ukraine (three-and-a-half years ago), the government has finally secured private investment for Sizewell C nuclear power plant.
Yahoo
18 hours ago
- Business
- Yahoo
UK gives final go-ahead to £38bn Sizewell C nuclear plant
The government has given the final go-ahead for a £38bn nuclear power plant in eastern England. The Sizewell C project in Suffolk will be jointly funded by Canadian pension fund La Caisse, UK energy firmCentrica and Amber Infrastructure. The government said it would be the largest shareholder in the project with a 44.9% breaking news story is being updated and more details will be published shortly Please refresh the page for the latest version. You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.
Sky News
18 hours ago
- Business
- Sky News
UK gives final go-ahead to £38bn Sizewell C nuclear plant
The government has given the final go-ahead for a £38bn nuclear power plant in eastern England. The Sizewell C project in Suffolk will be jointly funded by Canadian pension fund La Caisse, UK energy firm Centrica and Amber Infrastructure. The government said it would be the largest shareholder in the project with a 44.9% stake. La Caisse will hold a 20% stake, Centrica 15% and Amber Infrastructure will take an initial 7.6%. Earlier this month, French energy giant EDF announced it was taking a 12.5% stake, lower than its previously stated 16.2% ownership. Energy Secretary Ed Miliband said: "It is time to do big things and build big projects in this country again - and today we announce an investment that will provide clean, homegrown power to millions of homes for generations to come. "This government is making the investment needed to deliver a new golden age of nuclear, so we can end delays and free us from the ravages of the global fossil fuel markets to bring bills down for good."
Yahoo
4 days ago
- Business
- Yahoo
Vistra's Perry Nuclear Plant Gets 20-Year License Extension, Ensures Operations Through 2046
Vistra Corp. (NYSE:VST) is one of the best US stocks to buy according to Billionaires. On July 7, Vistra announced that the company received approval from the Nuclear Regulatory Commission/NRC to extend the operating license of its 1,268-megawatt Perry Nuclear Power Plant in Ohio through 2046. This extends the plant's operational lifespan by an additional 20 years beyond its original 40-year license, which commenced when it connected to the grid in 1986. Vistra had submitted its license renewal application to the NRC in 2023. Oil and gas workers operating high horsepower pumps on a hydraulic fracturing site. The approval makes Perry plant the last of its six nuclear reactors to receive a license extension. With this, all six of Vistra's reactors are now licensed to operate for a total of 60 years. The plant currently employs ~600 full-time staff and over 200 permanent contractors, supporting hundreds of families in the region. Additionally, regularly scheduled refueling outages bring in 800 to 1,200 highly skilled technicians from across the country. Vistra Corp. (NYSE:VST) is an integrated retail electricity and power generation company in the US. While we acknowledge the potential of VST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
