London, Beijing, EDF weigh on energy deal

PARIS: Plans to build two next-generation nuclear reactors at Hinkley Point in southwest England are stalled at the crossroads of ambitions by Britain, China and French electricity giant EDF.

A consortium led by EDF (Electricite de France) is expected to make a final decision this year on whether to invest in the gigantic project, estimated to cost £25 billion ($38.6 billion, 34 billion euros), which would be the first new nuclear power station in Britain in decades.