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)