The True Post (Web News)(Web News) A major breakthrough has been made in the energy sector in the United Kingdom, where a plan has been announced by the famous Canadian investment company Brookfield to purchase a 25% stake in the Sizewell C nuclear power plant.
The investment is a sign of confidence in Britain’s nuclear revival, but experts say the project could carry **real risks for taxpayers.** The Sizewell C nuclear plant is being built near the existing Sizewell B plant in Suffolk, England. Construction is underway, and the project is being hailed as crucial to meeting Britain’s future energy needs. However, nuclear power projects are typically plagued by **high upfront costs**, **delays and cost overruns.**
According to the Financial Times, Sizewell C could cost up to £40 billion (about $54 billion), more than double the British government’s recent official estimate of £20 billion. While the involvement of large private companies such as Brookfield could improve the investment climate, there are concerns that the project will benefit the private sector while the public will bear the brunt of the losses. The news comes at a time when the British government is formulating major plans to move towards energy self-sufficiency and carbon-free sources. Nuclear energy is a key pillar of this strategy, but questions are being raised about its financial and social impact.
