The British government has approved a 21 billion euros nuclear power station after securing ‘significant new safeguards’ for future foreign investments.<br /><br /> It comes after prime minister Theresa May paused the signing of the deal over concerns about Chinese investment in the UK’s nuclear industry. <br /><br /> The new plant in Somerset is being financed by French company EDF and the Chinese government had pledged 7 billion euros, if it could then lead a Chinese-designed power plant in Essex.<br /><br /> Hinkley would be the first new nuclear reactor built in twenty years, and create an estimated 25,000 new jobs.<br /><br /> However, critics pointed out that the electricity price promised to French energy firm EDF was set too high.<br /><br /> Britain should cancel Hinkley Point and spend the billions on making renewables work https://t.co/FiH0lh1b4X pic.twitter.com/1N9S8ESu6K— The Economist (@TheEconomist) September 15, 2016<br />
