‘It is time to do big things and build big projects in this country again’


(AFP): The UK government on Tuesday gave new British nuclear power plant Sizewell C the final go-ahead after reaching a deal with investors, aiming to bolster net zero and energy security goals.
The government, the largest shareholder in the project, said Sizewell C, in eastern England, will cost around £38 billion ($51 billion) to construct.
The project will also be funded by Canadian pension fund La Caisse, British Gas owner Centrica, Amber Infrastructure and French energy giant EDF.
"It is time to do big things and build big projects in this country again," Energy Secretary Ed Miliband said in a statement.
"Today we announce an investment that will provide clean, homegrown power to millions of homes for generations to come," he added.
The plant, which has been in financial limbo for over a decade, is not expected to start generating electricity until the 2030s. The projected construction cost of £38 billion exceeds previous official estimates of £20 to £30 billion — and campaigners have warned that further cost overruns or delays could impact households.
Pakistan unveils national AI policy based on six-pillar framework
- 9 hours ago
ISPR releases patriotic anthem ‘Pakistan Hamesha Zindabad’ on Independence Day
- 8 hours ago
Preparations in full swing to celebrate I-Day, Marka-e-Haq victory
- 7 hours ago

At least 20 dead in shipwreck off Italy’s Lampedusa
- 3 hours ago

Gold prices continues to plunge in Pakistan, global markets
- 8 hours ago

Nation set to mark 78th I-Day with grand celebrations, defence exhibition, cultural festivities
- 2 hours ago

Gold prices slip locally and globally
- 7 hours ago

How The Fellowship of the Ring explains post-9/11 America
- 9 hours ago

Independence Day gas schedule announced by SSGC
- 10 hours ago

Moody's ratings upgrades Pakistan's credit ratings to Caa1
- 3 hours ago
I-Day, Marka-e-Haq celebrations underway in Islamabad
- 2 hours ago
Tayyaba, Sumbul shine as Pakistan bags six medals in taekwondo
- 8 hours ago