EU anti-trust regulators today cleared a partnership between French power company EDF and Chinese nuclear firm CGN to build nuclear power plants in Britain, including the controversial project Hinkley Point.
Hinkley Point, which EDF will build in partnership with CGN, will be Britain's first nuclear power plant in decades and one of the world's most expensive, with a projected cost of 18 billion pounds.
"The Commission's investigation found that competition in the wholesale supply of electricity in the UK will not be hindered by the transaction given the moderate market share of EDF, the very limited market shares of CGN in this market and the presence of other competitors," the European Commission said in an email sent to AFP.
