The new £20 billion Sizewell nuclear power plant.
The new £20 billion Sizewell nuclear power plant.
The new £20 billion Sizewell nuclear power plant.
The new £20 billion Sizewell nuclear power plant.

UK in talks over new £20 billion nuclear power station


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The UK will enter negotiations with France’s EDF for the construction of a new £20 billion ($27bn) nuclear power plant.

The long-anticipated move would help to replace the existing generation of atomic plants, all of which will be retired by the middle of the next decade, and help to shore up supplies of pollution-free electricity.

The plant in Suffolk, eastern England, could generate 3.2 gigawatts of electricity, enough to provide 7 per cent of the country’s energy needs.

"We're starting negotiations with EDF, which would be the developer at Sizewell C," Business Secretary Alok Sharma told BBC Radio 4's Today programme.

"What this is not is a green light on the construction, so what we will be doing is looking to see whether we can reach an investment decision in this parliament."

EDF is already building Britain's first new nuclear plant in more than two decades, Hinkley Point C, with backing from China's CGN.

CGN also owns a 20 per cent development phase stake in Sizewell C but recent media reports have suggested it could pull out.

The government said in September it was looking at funding options for the project.

It said on Monday the talks would be subject to reaching a value-for-money deal and all other relevant approvals before any final decision was taken on whether to proceed.

Britain's nuclear power plants can supply about 20 per cent of the country's electricity demand.

The government said it would "consider options to enable investment in at least one nuclear power station by the end of this parliament".

The announcement on Sizewell C was made alongside the government's white paper on cleaning up Britain's energy system.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix

GP3 qualifying, 10:15am

Formula 2, practice 11:30am

Formula 1, first practice, 1pm

GP3 qualifying session, 3.10pm

Formula 1 second practice, 5pm

Formula 2 qualifying, 7pm

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda