Britain’s Finance Minister says his government will allow a Chinese company to own a majority stake in a new nuclear power plant as it tries to curb demand for fossil fuels.
George Osborne made the announcement while he visited a nuclear power plant in southern China. It said a Chinese role in a British nuclear power plant would probably start as a minority stake but could increase to majority ownership.
Mr. Osborne’s statement made no mention of a specific project but Britain’s first nuclear power plant in 20 years is being developed by French company EDF in Hinkley in southwestern England.
