U.K. 'Close' to Signing Deal for New Nuclear Plant

      October 15, 2013 12:00

      The U.K. is "extremely close" to signing a deal with France's EDF Energy to build a nuclear power plant on British southwest coast, U.K. Energy Minister Ed Davey on Sunday said. It is the first nuclear power station to be built in Britain since 1995, according to Reuters.

      The deal to build two plants in Hinkley Point in Somerset is worth 14 billion pounds. The original aim was to open the plants by 2020, but the nuclear accident in Japan's Fukushima's in 2011 delayed the whole process.

      In addition to France, China, Japan and Korea will be involved in the project, Reuters said.

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