Centrica has made its first formal moves toward a potential investment in the proposed £30 billion Sizewell C nuclear plant in Suffolk.
The government and France’s EDF co-own the development vehicle for the project but hope to retain stakes of only 20 per cent each in the construction phase and are seeking to bring in private investors.
Centrica, the energy group that owns British Gas, is among at least four bidders that joined in an initial pre-qualification process run by the government last month, according to PeakLoad, an energy industry publication.
Chris O’Shea, Centrica’s chief executive, has previously said it will consider investing in Sizewell “if the terms are right”. Centrica owns a 20 per cent stake in Britain’s existing nuclear plants, all bar one
