Chinese Cgn will invest in a nuclear power plant in the UK
China's state-owned China General Nuclear Power Corp (CNN) has announced that it will return to invest in a nuclear power plant in the UK. The new plant will be built in the north-western part of the country and will involve an investment of 20,35 billion dollars. NuGeneration, a joint venture between Toshiba and France's Engie, was involved in the project until the beginning of the year when the French company sold its 40 percent stake to Toshiba for $ 139 million. The plant is designed to generate 3,8 gigawatts of power that can power up to six million homes in the UK. "We are willing to make our thirty years of experience available to support the development of the nuclear sector in the United Kingdom," said Huang Xiaofei, spokesman for the CNN who has already operated in the United Kingdom, in the construction of the Hinkley point c power plant, built with of the latest Chinese generation "Hualong one".