The signing follows approval by the UK government for the construction of two EPR reactors based on third generation pressurized water reactor (PWR) design, for the nuclear project.
UK Secretary of State for Business, Energy and Industrial Strategy Greg Clark said: “Signing the Contract for Difference for Hinkley Point C is a crucial moment in the UK’s first new nuclear power station for a generation and follows new measures put in place by Government to strengthen security and ownership.”
Expected to provide reliable, low carbon electricity to meet 7% of the UK’s future electricity needs, the project is said to be a major step forwards tackling climate change while providing significant boost for industry in UK and France.
CGN will hold 33.5% stake in the nuclear plant, which is planned to produce first power in 2025.
Meanwhile, French nuclear energy group Areva has signed €5bn worth of contracts with EDF and Nuclear New Builds Generation Company (NNB), a joint venture between EDF and CNG, in provider services for the Hinkley Point C project.
The contracts cover delivery of the two nuclear steam supply systems, from design and supply to commissioning.
Additionally, Areva NP will be responsible for the design, supply, installation and commissioning of the plant’s operational and safety instrumentation and control system.
In addition to signing long-term fuel supply agreement to serve the two reactors, Areva will provide the material for the fuel fabrication, producing uranium as well as conversion and enrichment services.
Earlier, the UK government announced its plan to generate 25% of its power from renewable, sustainable sources.
Image: Officials during Hinkley Point C nuclear project’s agreements signing ceremony. Photo: courtesy of China General Nuclear Power Corporation.
