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Britain's Centrica set to take 15% stake in Sizewell C nuclear project, FT reports
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Britain's Centrica set to take 15% stake in Sizewell C nuclear project, FT reports
Jun 26, 2025 10:20 PM

June 27 (Reuters) - British Gas owner Centrica ( CPYYF )

is set to take a 15% stake in the country's Sizewell C nuclear

project in southeast England, the Financial Times reported on

Friday, citing people familiar with the discussions.

All sides are keen to reach a final investment decision on

the project before the British parliament's recess on July 21,

the report said.

Reuters could not immediately confirm the report.

The government said earlier in June that it will invest a

further 14.2 billion pounds ($19.25 billion) to build the

Sizewell C nuclear plant, taking its total commitment to the

project to 17.8 billion pounds.

Britain is looking to build new nuclear plants to replace

its ageing fleet to boost its energy security, reach its climate

targets and create new jobs.

Canada's Brookfield Asset Management ( BAM ) is still in

talks about an investment in Sizewell C and could be prepared to

take a larger stake than Centrica ( CPYYF ), the Financial Times report

said.

Sizewell C was originally being developed by France's EDF

and China's General Nuclear Power Group but the government

bought out the Chinese firm's stake in 2022 amid security

concerns.

The UK government's stake was 83.8% and EDF's stake was

16.2% at the end of December, EDF's financial results showed in

February. EDF's stake is expected to decrease following

Britain's investment earlier this month.

Centrica ( CPYYF ), Sizewell C and Brookfield Asset Management ( BAM ) did not

immediately respond to a request for comment outside regular

business hours.

($1 = 0.7281 pounds)

(Reporting by Preetika Parashuraman in Bengaluru; Editing by

Eileen Soreng and Mrigank Dhaniwala)

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