Sizewell C Power Station: Government Shareholding
(asked on 13th October 2023) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 19 September 2023 to Question 199094 on Sizewell C Power Station: Construction, what the expected value of the Government’s shareholding in Sizewell C is in the 2023-24 financial year.
Answered by
Andrew Bowie
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government became an equal-shareholder in the Sizewell C project with EDF in November 2022, following an historic investment of c.£700m. This Summer the Government has invested a further £511m in the project.
The value of the Government’s shareholding in the financial year 2023-24 is subject to the outcome of the equity raise process started on September 11th 2023, as well as to the project’s wider development. Both of these processes are ongoing and commercially sensitive.