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Mon October 21, 2013
Britain Signs Deal For Two New Nuclear Reactors
Originally published on Mon October 21, 2013 12:41 pm
STEVE INSKEEP, HOST:
NPR's business news starts with a big deal for nuclear power.
(SOUNDBITE OF MUSIC)
INSKEEP: The British government has announced plans to build two new nuclear reactors in southwest England. The agreement is worth about $26 billion. The deal is the first of its kind since Japan's Fukushima nuclear disaster in 2011, and the first new British nuclear power station in two decades.
The French firm, EDF, will have a leading interest in this project and a couple of Chinese firms will have a combined 30 to 40 percent stake. The twin reactors are expected to come online in 10 years time and should be able to power seven million homes. Transcript provided by NPR, Copyright NPR.