PARIS (Reuters) -Canadian investment fund La Caisse will join up with Britain’s Amber Infrastructure to become the largest private investors in Britain’s Sizewell C nuclear project, French newspaper Les Echos reported on Monday.<\/p>\n
The business newspaper said that final decisions on the investment would be made on Tuesday if all went well, citing unnamed sources.<\/p>\n
The pair of private investors would provide 25-30% of the capital for the project, the cost of which has ballooned since initial announcements, Les Echos reported.<\/p>\n
Britain’s government has committed 17.8 billion pounds to the project but has continued to search for investors.<\/p>\n
Reuters previously reported that U.S.-listed investment fund Brookfield would take a stake of more than 20% in the project in exchange for funds to finance the plant’s development and that British utility Centrica could also play a role.<\/p>\n
French nuclear energy utility EDF is set to invest around 1.1 billion pounds ($1.48 billion), taking a 12.5% stake in the project.<\/p>\n
Amber Infrastructure and Brookfield did not immediately respond to requests for comment. La Caisse, EDF and the UK government declined to comment.<\/p>\n
Britain is vying to build new nuclear plants to increase energy security and to reach climate targets. Southeast England’s Sizewell C plant is expected to produce electricity to power 6 million homes when operational.<\/p>\n
($1 = 0.7419 pounds)<\/p>\n
(Reporting by Makini Brice; additional reporting by Forrest Crellin in Paris and Susanna Twidale in LondonEditing by Tomasz Janowski)<\/p>\n","protected":false},"excerpt":{"rendered":"PARIS (Reuters) -Canadian investment fund La Caisse will join up with Britain’s Amber Infrastructure to become the largest…\n","protected":false},"author":2,"featured_media":13109,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[12286,49,48,12288,12285,44,12284,12287],"class_list":{"0":"post-13108","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-britain","9":"tag-ca","10":"tag-canada","11":"tag-la-caisse","12":"tag-les-echos","13":"tag-news","14":"tag-private-investors","15":"tag-sizewell-c"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/13108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=13108"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/13108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/13109"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=13108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=13108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=13108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}