Major Investment Backing for Sizewell C Nuclear Project Unveiled

Caisse de depot et de placement du Quebec and Amber Infrastructure will become the largest private investors in the UK’s Sizewell C nuclear project. They are set to provide up to 30% of the required capital. The UK government has pledged £17.8 billion but continues looking for more investors.

In a significant development, Caisse de depot et de placement du Quebec (CDPQ) and Amber Infrastructure have decided to jointly invest in Britain's Sizewell C nuclear project, according to French newspaper Les Echos. This makes them the largest private investors in the multi-billion-pound project.

The two investment funds are expected to provide between 25 and 30 percent of the capital necessary for the venture. Britain's government has committed a substantial £17.8 billion to the project but is actively seeking additional investors, as the overall cost has increased from initial estimates.

While Brookfield, a U.S.-listed fund, may take over 20 percent in the project, EDF is expected to contribute around £1.1 billion. The development of new nuclear plants is a strategic move by the UK to enhance energy security and meet its climate goals.

(With inputs from agencies.)