Tue, Jul 27, 2021 page10

• UK to axe China’s CGN from plans

  FRAYING TIES: As London’s stance toward Beijing is hardening, a source said that projects at risk include a US$27.5 billion nuclear power station and two others

  • Bloomberg
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  The British government is exploring ways to remove China’s state-owned nuclear energy company, China General Nuclear Corp (CGN, 中國廣核集團), from all future power projects in the UK, in a further sign that relations between the countries are deteriorating.

  Projects potentially at risk include the ￡20 billion (US$27.5 billion) Sizewell C nuclear power station in Suffolk and the proposed Bradwell-on-Sea development in neighboring Essex, a person familiar with the matter said on condition of anonymity.

  CGN is also a 33 percent investor in the Hinkley Point C facility, which is under construction in Somerset and one of the biggest infrastructure projects in the country.

  

  Then-British chancellor of the exchequer George Osborne, left, chats with Taishan Nuclear Power Joint Venture Co general manager Guo Liming as he inspects a nuclear reactor under construction at a power plant in Taishan, China, on Oct. 17, 2013.

  Photo: AP

  The move underlines how British Prime Minister Boris Johnson’s administration is hardening its stance toward Beijing.

  Johnson has blocked Huawei Technologies Co (華為) from participation in the rollout of Britain’s 5G wireless network and earlier this month, the British National Security Adviser opened a probe into the takeover of the country’s biggest chip plant by Chinese-owned Nexperia NV.

  “All nuclear projects in the UK are conducted under robust and independent regulation to meet the UK’s rigorous legal, regulatory and national security requirements, ensuring our interests are protected,” a British Department for Business, Energy and Industrial Strategy spokesperson said in a statement, when asked about the stance. “Nuclear power has an important role to play in the UK’s low-carbon energy future, as we work towards our world-leading target to eliminate our contribution to climate change by 2050.”

  News of the CGN plans was first reported by the Financial Times newspaper late on Sunday.

  Chinese Ministry of Foreign Affairs spokesman Zhao Lijian (趙立堅) yesterday said: “The British should earnestly provide an open, fair and nondiscriminatory business environment for Chinese companies.”

  China and Britain are important trade and investment partners for each other, he added.

  “It is in the interests of both sides to conduct practical cooperation in the spirit of mutual benefit and a win-win result,” Zhao said.

  Members of Johnson’s Conservative Party have repeatedly expressed concern about China’s increasing involvement in critical aspects of UK infrastructure and in its major educational establishments, such as Cambridge University.

  Former party leader Iain Duncan Smith has said that Britain should use its post-Brexit status to put human rights at the heart of trade deals.

  Nuclear power is set to play a key role in the government’s commitment to slash greenhouse gas emissions to net zero by 2050.

  Although a major investment in offshore wind farms is set to help meet that goal, the country’s transmission network is to rely on nuclear as a backup — nuclear stations are designed to generate energy around the clock, whereas wind power is less predictable.

  Additional reporting by Reuters
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