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11/21/2024 04:49:49 pm

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China Welcomes Britain's Approval of Controversial Hinkley Point Nuclear Project

Hinkley Point

(Photo : Getty Images ) China has applauded the British government's decision to approve the Hinkley Point Nuclear Project.

China has welcomed the British government's approval of the Chinese-funded controversial Hinkley Point nuclear project.

China's Foreign Ministry has noted that the Hinkley Point project is a win-win cooperation for the United Kingdom, France, and China.

"The Chinese side welcomes the British government's decision to approve the project, as it serves all parties' interests," China's foreign ministry spokesperson Hua Chunying said on Friday. "It is hoped that with the hard work of China, the UK and France, Hinkley Point and other subsequent nuclear cooperation projects can proceed smoothly and produce win-win results."

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China's state-owned nuclear power generation corporation, CGN, also welcomed the decision adding that the company looks forward to working with French emergy giant EDF on the project. China has a one-third stake in the $24 billion nuclear plant, which will be led by French electricity utility company EDF.

The new British government, led by Prime Minister Theresa May, on Thursday finally approved the nuclear project at Hinkley point in Southern England. Britain's business minister Greg Clark informed the parliament that the government has decided to proceed with the "first new nuclear power stations" for a generation.

"When it begins producing electricity in the middle of the next decade it will provide seven percent of the UK' electricity needs; giving secure energy to 6 million homes for 60 years," Clark said. He added that the ambitious project would create 26,000 jobs in the country and unleash a "long overdue new wave of investment in nuclear engineering in Britain."

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