UK government says gives green light to Hinkley Point nuclear project

"We have decided to proceed with the first new nuclear power station for a generation," Business Secretary Greg Clark said in a statement.

UK government says gives green light to Hinkley Point nuclear project

London: The British government said Thursday it was giving the green light to a controversial new nuclear project at Hinkley Point after Prime Minister Theresa May ordered a review.

"Having thoroughly reviewed the proposals for Hinkley Point C, we will introduce a series of measures to enhance security and will ensure Hinkley cannot change hands without the government`s agreement," Business Secretary Greg Clark said in a statement.

"Consequently, we have decided to proceed with the first new nuclear power station for a generation".

The board of French state-owned power company EDF approved its participation in the project in southwest England on July 28, only for Britain`s new government under May to announce hours later that it wanted to review it.

China has a one-third stake in Hinkley Point, and analysts have warned that Britain would have risked its relations with the world`s second-largest economy if it cancelled the costly deal.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.