China invested in building 5 nuclear plants in the UK

China is planning to invest US $ 35 billion in a project to build 5 nuclear power plants in the UK.

China is ready to create a new revolution in the energy sector, in the future by investing billions of dollars into building a series of new nuclear power plants in the island nation of fog.

Officials from the Chinese Ministry of Nuclear Industry have had high-level discussions with ministers and officials of the UK's Ministry of Energy and Climate Change (DECC) on plans to build five nuclear plants. with a total investment of 35 billion USD.

Greenpeace - Greenpeace described the move as 'a risk' because of concerns around safety. But the British government is actively exploring China as a partner in its nuclear program.

Meanwhile, EDF - a French company that has proposed plans to build new reactors in the UK will likely face fierce competition with China.

Wylfa nuclear power plant in the UK

China has been operating nuclear plants since 1994. Success in expanding investment in the industrial sector has prompted the government to target Britain as a potential customer to export raw technology. and affirmed its position worldwide.

Chinese companies are currently investing large sums of money in the UK infrastructure sector such as the Thames River project, the construction of Felixstowe port and the Grangemouth refinery. They are also bosses who run large UK companies such as the famous Weetabix cereal company and the famous Gieves & Hawkes fashion brand.

The China National Nuclear Power Corporation (CNNPC), currently intending to invest in the UK, has revealed plans to collect $ 17 billion through the sale of domestic shares.

Shanghai Institute of Nuclear Engineering and Research (SNERDI) - CNNC's right-hand man and 3 other investors have also met and exchanged views with DECC senior officials in recent days.

The first phase of the plan involves CNNC and a state-owned company - Guangdong Nuclear Energy Group, which participates in a competitive bid to contribute shares to Horizon Group to build new nuclear plants like Wylfa. Wales and Oldbury in Gloucestershire.

However, according to sources close, the two Chinese companies also want to invest in projects in other areas such as Bradwell in Essex, Heysham in Lancashire and Hartlepool in Durham county.

The French company EDF initially refused to invest in construction items at those locations. But CNNC wants to use current technology in conjunction with US nuclear engineering group Westinghouse to build three more reactors in the UK.

'China has money and experience. They chose England as an opportunity to prove their ability in one of the world's most stringent environmental requirements. In the future, they can divert investment to both Africa and the Middle East , 'said a British official.

Doug Parr, a Greenpeace scientist, said: 'The British acceptance of an investment from China is a risk. Because Chinese nuclear companies receive support from the government, helping solve the huge financial problem of building new nuclear power plants in the UK. That means the amount of British tax revenues will flow into the Chinese government's pocket instead of France. '

The controversy surrounding China's participation in the British energy sector is emphasized by Nick Butler, a former UK energy policy director.

Butler said: 'China's participation in the British energy business is a concern. China is gradually approaching the complex structure of the UK's national electricity system, and moving to control the UK's electricity supply network and nuclear technology. '