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Written Question
Sizewell C Power Station: China General Nuclear Power Corporation
Monday 17th April 2023

Asked by: Lord Haworth (Labour - Life peer)

Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government why they paid Chinese state-owned power group CGN over £100mn to withdraw from its proposed 20 per cent share of the Sizewell C nuclear power station project.

Answered by Lord Callanan - Shadow Minister (Foreign, Commonwealth and Development Office)

Following constructive commercial negotiations, CGN decided to exit the project as part of the Government investment in Sizewell C. The agreement to secure their exit covered value of their shareholding, their contribution to the project’s development and a commercial return reflecting their work to date. The details of this arrangement are commercially confidential.