China eyeing fourth UK nuclear project

Chinese nuclear power giant China General Nuclear Power Corp said on Monday it is exploring a bid to invest in Toshiba's troubled 15-billion-pound ($20 billion) nuclear power station on the Cumbrian coast in northwestern England.

Huang Xiaofei, a spokesman for CGN, told China Daily the company is prepared to bid to make an equity investment in NuGeneration, the company behind Moorside, utilizing CGN's more than 30 years of experience in nuclear design, construction and operation to support the UK nuclear industry's development.

The State-owned company already holds a 33.5 percent stake in the Hinkley Point in Somerset, has a 20 percent holding in a scheme at Sizewell in Suffolk, and a 66.5 percent share in the Bradwell power station in Essex.