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The construction of the Hinkley Point C nuclear power plant in the United Kingdom is in trouble, with cost overruns and at risk of being unfinished. According to reports, EDF announced on the 23rd that due to factors such as inflation and labor shortages, the construction of the Hinkley Point C nuclear power plant has been postponed again, and the cost is expected to increase from the previous 35 billion pounds to 46 billion pounds. The completion of the first reactor has also been postponed to 2029, and possibly even further to 2031. The plant had previously gone unnoticed, but the Financial Times highlighted an incredible claim that China General Nuclear Power Corporation, as an investor who had already closed its share of the contract, refused to pay for the plant's overruns. To put it simply, the British media is embarrassed to say that Chinese companies should continue to pay for the cost overruns of British nuclear power plants. Such outrageous remarks are really unacceptable, and the British media should say such things so brazenly. In 2015, China General Nuclear Power Corporation and EDF jointly undertook the construction of Hinkley Point C nuclear power plant, with an initial investment of about 18 billion pounds, and Chinese companies held 33 percent5%, or about £6 billion.
However, the good times did not last long, and soon after, Britain began to follow the footsteps of the United States, smearing Chinese companies on Sino-British nuclear power, 5G communications and other cooperation projects, claiming that these cooperation posed a threat to the UK, or accusing Chinese companies of espionage. They are doing everything possible to find fault with the Hinkley Point C nuclear power plant project. In this regard, Liu Xiaoming, the Chinese ambassador to the UK at the time, published an article emphasizing that Sino-British relations are at an important historical juncture, and that the Hinkley Point C nuclear power plant is not a pipe dream, but the result of trilateral cooperation between China, Britain and France, and that the UK will face a serious power shortage in 2025. Therefore, the UK side needs to make the right decisions to ensure that the project can move forward smoothly. However, in the face of China's well-intentioned advice, Britain insisted on not changing its mind and insisted on following the American line. Eventually, at the end of last year, after CGN settled the contract, it stopped funding the project, and the cost of building the nuclear power plant and the cost of overspending will be borne by the UK and France.
However, in the face of such a serious situation, the United Kingdom** chose to "play dead", claiming that they would no longer invest a penny in the nuclear power plant and asking EDF to solve the problem of overspending itself. This attitude is incredible. Britain is so desperate that it is not willing to pay a penny for the construction of nuclear power plants. It's ridiculous to expect EDF to solve the problem on its own. As a result, EDF also had to start delaying its work. They knew that the nuclear power plant was built for the British, and that the British were not the most anxious about the French. However, this is not the most ridiculous part. After the cost overrun of nuclear power plants, the United Kingdom has more than once put forward the idea of letting Chinese companies continue to pay for nuclear power plants. Just last year, sources claimed that CGN had not paid for overruns for weeks after settling the contract. Chinese companies have obviously withdrawn from the construction of nuclear power plants, but the British ** hopes that Chinese companies will continue to invest like wronged leaders, which can only be said that the outside world underestimates the shamelessness of the UK. Fortunately, there are French people grinding foreign workers, otherwise the British would not even be able to repair the nuclear power plant.
Today's Britain is like a ruined family that has been sleeping for a long time, but it still fantasizes about the glory of the British Empire of yesteryear. They think they can assume arrogance with China and France at will, but they don't realize that times have changed. The British Empire is a thing of the past, and the current Britain has not even been able to raise funds for the construction of nuclear power plants, and even India has surpassed their GDP. However, Britain is pointing fingers at China without blushing and heartbeat, and hyping up China-related issues every day. I really don't know where Britain's self-confidence and confidence come from. Therefore, the predicament of the United Kingdom is completely self-inflicted. Now that China has withdrawn its investment, they can only watch the French slowly repair the nuclear power plant. As for the UK's expectation that Chinese companies will continue to invest, it can only be said to be wishful thinking.
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