Britain is entering into a deal with France’s EDF to force China to sell its stake in the Sizewell C nuclear power station in eastern England, the Financial Times reported on Wednesday.
The proposed £20 billion ($27 billion, 23 billion euro) plant on the Suffolk coast is currently awaiting a formal investment decision.
EDF owns 80 percent of the project and the rest with China’s state-owned nuclear firm CGN.
The UK government and the EDF want to force CGN to sell or float its 20 per cent stake, the FT told people aware of the situation on Wednesday.
In response, a government spokesman told AFP that talks were “ongoing” but no investment decision had yet been made. EDF declined to comment.
The business daily said ministers are also expected to block CGN’s plans for another nuclear plant at Bradwell in Essex, southeast England.
British media reported in July that Britain was exploring ways to ban CGN from all strategic power projects amid strained relations between London and Beijing.
Relations have become increasingly strained over issues ranging from espionage and cyberattacks to alleged human rights abuses against the Uighur Muslim minority and repression in the former British colony of Hong Kong.
London banned Chinese telecommunications conglomerate Huawei from joining its 5G network last year after the United States feared espionage.
CGN is already working with France’s EDF in the construction of a nuclear power plant at Hinkley Point in south-west England, to be completed in 2025.
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