The UK has approved a 38 billion project for the Sizewell C nuclear power station.

The UK has made a final decision on investing in the Sizewell C nuclear power station, a 38 billion project that is crucial for the country's energy and climate goals. The government will retain around 45% minority stake, with other investors including the French state-owned company EDF, the Quebec Savings and Investment Group, Centrica Plc, and Amber Infrastructure Group. The government sees the strong support from private investors for this project as a key victory and hopes to promote investment and economic growth. The developers have promised that due to the efficiency of repeated construction, the construction speed of Sizewell C will be faster and costs lower than Hinkley Point C.