European Commission OKs EDF-China General Nuclear partnership plan

The European Commission has greenlighted a proposed partnership between EDF and China General Nuclear (CGN), indicating a policy that supports new nuclear projects in the U.K.

The decision is seen as a constructive step for EDF's proposed Hinkley Point C nuclear plant project in Somerset, England.

EDF said it expects to make a final investment decision Hinkley Point C soon. The British and French governments have been supportive of the project, which EDF said would produce 7 percent of the U.K.'s electricity needs.

EDF said the U.K. stands to benefit from renewed nuclear power plant construction and the jobs that such projects would generate.

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