Prime minister poised to approve £18bn project but is expected to seek a better deal with China on future electricity prices

Theresa May is expected to confirm on Thursday that she will give the go-ahead for the Hinkley Point C nuclear power plant, but will seek to impose new conditions on its French and Chinese backers.

The prime minister announced a review of the contract to build the Somerset reactor in July, amid concerns about the costs and the potential security impact of Chinese involvement.

Continue reading…