Gulf investors linked with £2bn Hinkley C funding

October 23, 2013

The multi-billion pound funding gap in the £16bn Hinkley C nuclear power plant project could be filled by investment from Gulf state governments, according to media reports.

A consortium led by French energy giant EDF was given the go-ahead on Monday to build two reactors at Hinkley Point in Somerset.  

EDF’s long-time Chinese partners China General Nuclear Corporation and China National Nuclear Corporation (CNNC) will take a combined 30% to 40% stake in the consortium, with French state-owned nuclear group Areva 10%.

In the running for the remaining 15% stake are sovereign wealth fund of Kuwait or Qatar’s SWF, according to French business newspaper Les Echos.

In 2010 the Kuwait Investment Authority paid 600m euros (£511million) for a 4.8% stake in Areva.

EDF has said discussions are taking place with a shortlist of interested parties.


Comments are closed.


Reach tens of thousands of senior business people across Bristol for just £120 a month. Email for more information.