Sizewell C ‘on budget and on schedule’ as financing completes

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Bosses at Sizewell C have said the major nuclear project is “on budget and on schedule” after securing its necessary financing.

The planned nuclear power plant reached financial close on Tuesday, indicating that all necessary funding will now be able to flow into the major infrastructure project.

Sizewell C concluded an equity raise this summer and has now confirmed it has secured a further £5.5 billion through debt and loan arrangements.

In July, the Government said the construction of the power plant would cost around £38 billion.

Julia Pyke, joint managing direct