UK sets out new nuclear plant funding model

Credit: REUTERS/PETER NICHOLLS

Britain plans to adopt a new model to fund the building of nuclear projects, known as a regulated asset base, in a bid to attract more domestic investors such as pension funds and insurers, the government said on Tuesday.

LONDON, Oct 26 (Reuters) - Britain plans to adopt a new model to fund the building of nuclear projects, known as a regulated asset base, in a bid to attract more domestic investors such as pension funds and insurers, the government said on Tuesday.

The government said the plan, which has also been used for previous major infrastructure projects like Heathrow's Terminal 5, should also cut the cost to consumers in the long run. It added that negotiations over a Sizewell C project were ongoing.

(Reporting by Kate Holton; editing by Michael Holden)

((kate.holton@thomsonreuters.com; 0044 207 542 8560; Reuters Messaging: kate.holton.thomsonreuters.com@reuters.net))

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