MORE WORLD NEWS
News from region's first prime-time newscast. You'll find it First On Fox!
UK government strikes deal to build nuclear plant with EDF and Chinese investors
Reported by: Associated Press
Reported: Monday, October 21, 2013 3:53 AM EDT
Britain's government says it struck a deal with France's EDF energy and a group of Chinese investors to build the first nuclear power plant in a generation.
One of the last barriers to the deal was removed during a visit to Asia last week by Treasury chief George Osborne, who announced Chinese firms would be permitted to invest in civilian nuclear projects. The government is revealing specifics Monday.
China relies on foreign technology for its generating stations. However, it is trying to develop its own reactors and other equipment.