British Ambassador to China: We have a lot of confidence in China's nuclear power technology

On November 30, British Ambassador to China Wu Bainer said that the investment agreement between China and the UK on Hinkley Point C is one of the most important in a series of
commercial agreements signed during President Xi Jinping's visit to the UK.
As in the rest of the world, the British public is very concerned about the safety of nuclear power plants
.
British Ambassador to China Bainer Wu said: "We have seen that China's nuclear power technology has made great progress
in the past few years.
Therefore, we have a lot of confidence
in the technology and services from China.
”

Wu Bainer firmly believes that in the next 10 years, China and the UK will have more areas of cooperation and will also tap greater cooperation potential
.

"The UK is already one of the most open economies in the world, and we have seen increased cooperation
this year in many important sectors such as civil nuclear energy, high-speed rail and telecommunications.
We are also very concerned about China's 13th Five-Year Plan and hope to further explore the UK's strengths and the potential for cooperation between the
two countries.
Wu Bainer stressed that the UK hopes that China's economy will be more open in the "13th Five-Year Plan" period, especially the service industry, so that the UK's advantageous financial and service industries can better serve
China's economic and social development.

Wu Baina said that Chinese enterprises investing in nuclear power plants in the UK shows that the UK is open and welcoming
to China.
"Previously, there were many successful cases of Chinese companies investing in the UK
.
Huawei, for example, has made successful investments
in the UK for many years.
Through projects like this, we hope to show how open and welcoming
the UK is to Chinese investment.
”

On October 21 this year, during Xi Jinping's visit to the UK, Chinese nuclear power giant CGN and EDF formally signed an investment agreement in London for a new nuclear power project in the UK, in which the Chinese consortium led by the former will jointly invest with EDF to build the Hinkley Point C nuclear power project in the UK, and jointly promote the two follow-up projects
of the Cadswell C nuclear power project and the Bradwell B nuclear power project.

According to the agreement, EDF will own 66.
5% of the Hinkley Point C nuclear power project, which costs up to 18 billion pounds (equivalent to 180 billion yuan), and the Chinese company led by CGN will hold a 33.
5% stake
in the Hinkley Point C project.

Unlike the Hinkley Point C nuclear power project and the Sizewell C nuclear power project, the Bradwell B nuclear power project will be led by CGN and participated by EDF, and the two parties will occupy 66.
5% and 33.
5% of the shares respectively in the project investment, and intend to use the third-generation nuclear power technology independently developed by China - Hualong No
.
1.

"Hinkley Point C will power more than 6 million households (1/10 of the UK's population) and support 25,000 jobs
.
" Wu Bainer said that this is very important
to ensure the future energy supply of the UK and increase local employment opportunities.

Wu also said that he believes that the cooperation between the two countries on the Hinkley Point C nuclear power project can lead to more cooperation
between the two countries in other industries.