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UK to sign Nuclear deal with EDF

15 Oct 2013
According to Energy Secretary, Ed Davey, the UK is “extremely close” to announcing a deal with Electricite de France SA to build Britain’s first nuclear power station since 1995.

The agreement, which may be announced this week, will involve Paris-based EDF building two reactors at Hinkley Point in Southwest England, at an estimated cost of £14 billion.

According to EDF, Hinkley Point would have a generating potential of more than 3,200MW, which would be approximately 7% of the UK’s power demand. The plant is expected to replace the UK’s existing nuclear fleet, and would be one of the UK’s single largest investments.

The project is expected to create 5,000 jobs during construction.

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