"French Utility to Build Britain’s First Nuclear Plant in Years"

"LONDON — The French utility EDF said on Thursday that its board had approved a plan to build the first nuclear power plant in Britain in a generation.

The project for the state-controlled utility has long been contentious. Critics have slammed it as an expensive and risky route to securing emission-free electricity.

But the project — at a cost of 18 billion pounds, or about $23.6 billion — could well be seen as a vote of confidence in Britain’s future, barely a month after the country voted to leave the European Union. It would provide a welcome contrast to poor economic news in the form of plunging consumer confidence, a weaker currency and fears of recession."

Stanley Reed reports for the New York Times July 28, 2016.

SEE ALSO:

"Britain Casts Doubt On EDF's Hinkley Point Nuclear Plan" (Reuters)

"Hinkley Point: Surprise Delay For Nuclear Plant Deal" (BBC News)