A Chinese takeaway (Pt 2)

Posted on 04 December 2015 by Tim Malloch. Source: New Law Journal

A Chinese takeaway (Pt 2)

The official announcement made by David Cameron and Xi Jinping, the Chinese President, on 21 October 2015 regarding Hinkley Point C:

  • welcomed the signing of a commercial strategic investment agreement that set out the key terms of the Chinese companies’ cooperation with EDF for nuclear build projects in the UK, including a 33.5% stake in Hinkley Point C;
  • noted that the contract for difference, the agreement that will provide EDF with a guaranteed strike price for the electricity that Hinkley Point C generates, and the Secretary of State Investor Agreement relating to Hinkley Point C were now in final form; and
  • stated that the expectation was that in 2016, after the full form documents for Hinkley Point C have been signed, a Chinese reactor design to be used for further nuclear projects will be submitted to the UK’s nuclear regulators for assessment.

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