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UK forces China out of Sizewell nuclear power plant project

The United Kingdom has effectively pushed Chinese state-owned CGN out of a planned new nuclear power plant at Sizewell in Suffolk, eastern England. The government will invest about 700 million pounds (about 810 million euros) in the project together with French power company Electricité de France (EDF), Bloomberg reported on Tuesday. That would be equivalent to 50 percent of the development costs. Crucially, this financing includes the acquisition of shares from existing partner China General Nuclear Power Corp (CGN).

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