Centrica Considering Investment in UK's Nuclear Plant Sizewell C [Financial Post (Toronto, Ontario, Canada)]
CENTRICA PLC S/ADR (CPYYY)
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Source: Financial Post
Author of the article: (Bloomberg) — Centrica Plc is considering investing in the planned UK nuclear power plant Sizewell C, making it a potentially key stakeholder in the British government's plans to draw private investors to build the project. The backing by one of Britain's biggest energy companies could be key to the country's plans to reach a final investment decision on the multi-billion-pound project later this year. Centrica Chief Executive Officer Chris O'Shea said the company is looking at investing in Sizewell during a call with journalists Thursday morning after releasing full-year results. Article content Article content The UK government has been working in recent years to assemble a consortium of investors to construct the nuclear plant and Centrica has been active in those discussions, O'Shea said. “We could be interested in investing in that, but the risk and reward return has to be right,” O'Shea said. “That is a possible future investment for Centrica,
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