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UK to Remove Chinese Investor from Nuclear Project – Telegraph

Kwasi Kwarteng, Britain’s business secretary, is said to be pushing to end the use of Chinese state-owned companies in critical infrastructure


China nuclear plant UK
Kwasi Kwarteng, Britain's business secretary, is said to be pushing to end the use of state-owned companies in critical infrastructure. File photo: Reuters

 

The UK government is likely to intervene to prevent China General Nuclear (CGN), a Chinese state-owned enterprise, from building a nuclear power plant project due to risks to national security, The Daily Telegraph reported.

Kwasi Kwarteng, Britain’s business secretary, is said to be pushing to end the use of Beijing-linked companies in critical infrastructure, removing CGN from the Sizewell C project in Suffolk in which it has a 20% stake.

 

Read the full reportThe Daily Telegraph

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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